obj higher double bottom in an up trend, page-63

Happydayz,

Realistically, with the current rights issue underway I would have expected some mild weakness. Instead we have, it looks like, OBJ closing 20% or more higher than its previous close. It has not closed at 4c since January 2008. Then we have a market that is substantially down (34 points). 3M announcement is due, this rise could all be coincidental but the percentages say its not. At the very least there is very confident speculative buying on an expected positive announcement.

Just as we speak, 4.2c taken out. This is not normal trader-driven movement in my opinion.