Hey mackitup
out of curiosity how many shares have you been in where you and other people on hotcopper are expecting a big ann, a game changer, thats gonna supposedly shoot the share price into orbit when announced?
I may very well be wrong and I will happily eat humble pie if I am and congratulate holders for thier good pick but in my years experience trading (of which I have been caught out a couple of times in the same situation) everybody waits and anticipates this big game changer announcement and time and time again they get let down. I have never been in share where something that everybody is expecting gets announced and the SP shoots up and sustains that SP appreciation.
This is just my opinion but the run from <1cent to now over the past couple of months is the anticpation of these results factored into the share price also the IO results factored in aswell. if I was a betting man I would say a temporary spike in early morning trade and then a sell off or an immediate sell off or nothing, anything but sustained SP appreciation.
like i said though happy to eat humble pie and hope for holders you do get what you are expecting.
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