Hopefully now you will see that often the market appears to know SFA on micro-caps like this, and it is better to trust your own in depth research.
I feel for the likes of Petunia with such a high average. Luckily I only discovered IFE at around 75c, and waited for the market do its usual thing of letting the sp drift lower and lower on lack of news and general market fear. I was particularly lucky in picking up a decent couple of parcels in the last few weeks around previous lows. I wasn't expecting the approval news to have much effect, but I guess there were a whole lot of investors sitting out, but looking to jump on, and when the train started to leave the station they had to hurry.
If we don't see finance sorted in the next couple of weeks, then I expect we will start to drift lower again. My guess is finance will be signed off mid January, simply because of the holiday break.
TYX Price at posting:
73.0¢ Sentiment: LT Buy Disclosure: Held
