Yarra, on second thoughts it was most definitely harsh saying they don't know much about the stock, but on a personal level I knew that if I had received alot of underwritten EKA shares, I'd be holding onto them, waiting for them to bounce back (like they've done today) instead of selling at a price like 22.
I'm not saying I would have waited months for something to happen, as investors like the sentiment of receiving cheap shares and selling them for instant profits, But i was expecting a day like today to occur, and if i was looking to sell (which I'm not mind you), then I'd be selling after seeing the share price (hopefully) increase like it has today.
Mind you, having said this, I was expecting the next 6% rise to come on a day which involve the release of new well results, not just on a day without announcements. I'm quite happy though :). Very good point though Yarra.
SJ
EKA Price at posting:
23.5¢ Sentiment: LT Buy Disclosure: Held
