SKG almost always runs on announcements, even the crap ones. It always gets smacked straight back down to 5 cents. So usually its a good trade, but Im not trading it today.
The smackdown hasnt happened today yet anyway. I am not game to trade it as I happen to think this announcement is a pretty decent one, shows the company has good backers and still keeping afoot in the asian door. If it can break out of its trading range of 5-5.5 cents. should easilly go for a bit of a trot i think.
SKG
skynetglobal limited
expected smackdown not happening?
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