Sure there will be a growing queue of people who will happily buy at 17c, why wouldn't you? Based on valuation fundamentals (ignoring supply & demand of the stock) its a no brainer - the closest thing you're ever going to get to a sure thing on the ASX.
However, there's also a growing queue of sellers who will happily sell at 18c.
There's every chance the patient buyer or seller will get their price. But IMO the vast majority of shares will still be changing hands at 17.5c between now and 31 December. There's every possibility the trading could break these lines for short periods, but's I believe its going to take something exceptional to avoid the gravitational pull back to 17.5c.
Anyway, that's my opinion and I'm sticking with it. Apologies to regulars to this board, as I've already said the same things ten times already, in as many words. But its amazing how some people get so excited by a single day's closing price.
AMM Price at posting:
12.1¢ Sentiment: None Disclosure: Not Held
