You have confirmed my understanding on how the auction works,thanks. I suppose my thoughts are, what is fair value (having only a short period of time reseaching the stock). And getting a feel if consensus agrees with my observations. My plan is that the price will double over time where i may take an opportunity to cash in to cover my existing costs and have the balance of my holding for a longer term hold. This is my strategy for the couple of specky stocks i have invested in in the past, some like RYG i may have a little bit of a wait, but see this as an option to use my specky strategy, not because i think the stock falls into specky category but more due to sell off i believe to be an over reaction.
I agree that it could fall more before it comes back but if i can get a picture of what is short time fair value then i have a basis to try and read what might happen Monday.
My gut feel is to target a price 10 to 20% above Fridays close which would be 42 to 46 cents and then add a bit just to make sure.
Add to My Watchlist
What is My Watchlist?