long term trend

With sp sitting at 25c on offer, it looks like we are smack bang back on the long term trend line of the last 4 yrs.

It doesn't seem to matter what the POO, DOW or XAO do, the selling has it's own agenda...I guess this can always be a problem when there is too much scrip floating around.

For my way of thinking, there can only be 3 plausible reasons for this sell-off, viz...
1. Aggressive risk mitigation via the large holders.
2. The accumulation of nervous holders shares by the bigger players, or
3. Being set up for a takeover.

I only hope that we are not being set up for a takeover! Going into a trading halt now to ann a t/o offer at a 30% premium to the current sp would be the pits!

Yikes...now down to 24c!! Whatever way you look at it, you should be buying more if you have the finances!

How are those NDO employees feeling now who paid 25c to exercise 250K staff oppies last week...they had til Dec!