STTCOMP EYM, TA Long
SP = $0.021
SOI = ~905m
MC = ~$19m
Cash = ~$3.5m
EV = ~$15.5m
EYM ran up pretty hard on hype, overextended and has come back to reasonable levels. Brutally dumped today due to the issue of 278m shares but while there was strong selling, there was also 140m+ of buying volume by lunch time to hold it above that 2 cent support level. 2 cents is a pretty common support level for stocks at this end of the market and inot too many people were keen to sell when it dipped below that. I think the share issue will hold it down here for a while longer, provide a decent buying opportunity and then it'll get marked back up again once the brakes are released.
