What we are watching here is a classic. Sure....profit taking on a big scale, with conditional sell orders auto-firing and all that. But this looks more than fishy.
Let's put it this way, if you were wanting to take over a company or a big stake in it, what better way than to keep dumping large parcels to keep the price down, encouraging other people to say, 'well, I've made a lot here, better to take my profits and go'.
The news announcement contained nothing bad or suspicious. Quite the opposite. The factors that made it run up to .25+ have not changed, have they?
Look for at least a .17 close, and by mid-next week, this share will come back. My own view only, and I do hold, but I've seen this kind of nonsense before....the fundamentals haven't changed, so why, we have to ask ourselves, has the share price?
Courage! Don't be fooled.
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held