And I agree with you Apples on the TA and Fundamentals - I think this stock is going somewhere - no ones saying it isn't. But I am worried that the buying over the past two days has been overheated. I think the stock is cheap compared to its potential even at 60c. But why buy for 60c if very short term you could probably buy for a lot less - I suspect as little as 40c - If I was really superstitious about that gap and there hadn't been that recent news immediately following the D & D recommendation - perhaps better. Though I do think the better than expected results warrant a rise - I think the recommendation added MORE buyers to the market than there would be normally even with the good news and if I was going to buy I would be concerned that maybe things have got a bit hot and heavy prematurely. I would rather wait and see where the price consolidated and then take my position - even if it meant I had to pay MORE or even walk away. I would find it emotionally difficult if I had bought for 60c and then the price retraced to consolidate at 40c or worse and stayed there for a spell.
AFR Price at posting:
53.5¢ Sentiment: LT Buy Disclosure: Not Held
