It was a very strange trading strategy. It was as though there was going to be an announcement and a buyer wanted to get in quickly before the announcement. Why else would you do that?
What was more surprising was that sellers chased the price back down to 41 cents, yet was supported at these levels. If I was selling, I certainly would have held off given the buyers aggression.
Anyway, hopefully an announcement re an increase in substantial shareholding is not far off. There was a million shares crossed a week or so ago, so wouldn't be surprised to see an announcement shortly.
Re getting back in...I try to average in because market is too unpredictable and volatile ATM, and I typically get in too early. Just my views...and certainly no science!
It was a very strange trading strategy. It was as though there...
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