the truth of the matter is that there is a sizeable seller or sellers out there at the moment.
There are also some sizeable buyers aswell but its a buyers market right now and there is no need to step up to the offer. I picked up some more today at 17c and got my fill very quickly.
Chart wise, a gap at 15.5c looks like a likely target after which the original breakout of 13c should offer a pretty strong barrier. Mind you, if it gets there then all reasons for buying equity will have gone out of the window and we are headed for doomsday!!!
I must say that I am staggered that a company that has this much growth (all bought and paid for) should get such treatment....but then it just goes to prove the theory that most the market doesn't know a good thing when its staring it in the face.
Add to My Watchlist
What is My Watchlist?