Finished almost at it's low today. There is a definite pattern in fdl's trading. The only question is what will be it's new low from here. All the buyers that came in at 10 and 10.5c must be feeling the heat at the moment. Stop losses are going to start kicking in.
Buying at or above 10c is share portfolio suicide if no new announcement have come out. When it goes through the 10.5c mark it's going to do it very quickly, might even miss it altogether like the first time it passed that level. Don't buy at these levels!
The bright side of having fdl is it probably will break it's high of 15c sooner or later. All that current holder have to do is actually hold.
If it goes up on Monday, then great! I doubt it'll pass 10.5c though. I expect a pump and dump on Monday morning, there will be many false breakouts again before a real one happens again.
This sheep is waiting for the wolves to spook the other sheep :)
FDL
flinders diamonds limited
