Hey strutter ,obviously the whole market took its lead from the dow this last week so our sp followed suite.Ithink some people have overextended on this one thinking there will be a quick result on this one and realised the process is not in line with their trading strategy and have let go .IN terms of the large dollars this coy is potentially worth on sale, the majority of sell orders were relatively small parcels. We all have factored in, that the sp would meander through lack of anns, and the dow has put pressure on the downside .Another consideration is the end of financial year, and people may be selling off for a tax loss , and would be hopeing to get back in in July .Risky strategy for the average shareholder imo.In hindsight, we could all have traded long and short on this one, but the average shareholder doesnt have the time ,resources ,technical skill and, unless they are prepared to take the /spot / price ,they cant even set a strategy on a day to day trading basis .This comes down to a belief that there will be a sale of this coy and a respect for the integrity of Gs , directors, and not least, the reasoning of long term holders and their posts, on this forum, to hold this all together.Sorry about the RAMble and hope everyone has a great weekend.
MAE Price at posting:
29.5¢ Sentiment: ST Buy Disclosure: Held
