similar play yesterday was WHE, big move up on no news before announcement, gap up and pull back
good shorting opportunities if there's stock available
I trade the news a lot, a quick look at the chart and recent announcements should give an idea if news was leaked beforehand.
I also try and avoid buying announcements when everyone knows the announcement is coming (rise is often factored in)
Also good point made about BESBS plays, punters wising up and timing more important, getting in early and getting out early
HAO - have a jv with GIR 75/25, up 13%, maybe speculating on continued Atlas consolidation of iron ore in the area, not sure who else are tied up with GIR
