what a bizzar day yesterday well folks what a bizzar day yesterday.....announcement was released to maket, following pre open and release of announcement the share reopened at 31c.....looked really strong and shot back to 27.5c close up only 1.5c on Previous day.....personally i think the announcement was brilliant....lets see what the market says over the next few days.....as I recall when i used to trade CCE , an announcment would come out and it wouldnt move for a few days....allows time for the market to digest and see the underlying value....i think this news is worth 10c on current shareprice...but as always the market dictates......we may see a spree of buying in the next 48 hours ....who knows?
ANYWAY I MANAGED TO BUY IN POST ANNOUNCEMENT at 28c
The quarterly report looks ok and they have plenty of cash in the bank...i recall 5-6 million?
only 100 million shares on issue so not heavily diluted at all....
may gap up at the open today...good luck to all that hold
cheers Jam
PXL
proteome systems limited
