Not sure why the ASX haven't come out with a please explain for the >20% price drop in last week as they did when it went the other way not so long ago (that certainly put a stop to the momentum back then!!!)
Anyhow - no announcements and a massive sell off by one of the directors. What are everyone's thoughts on this? Surely he wasn't that hard up against the wall that he couldn't wait a month or 2 for drilling results, etc. or is there some negativity and he wishes to cut his losses??
I am a little torn on this one at the moment and hate the fact that the ASX/AIM keep leveraging off each others drops helping to maintain a negative momentum. I keep telling myself that nothing has changed and remain confident but am feeling somewhat nervous (I did the same when this stock last went from 15c to high 30's and then dropped like alead balloon).
Your thoughts?
OEX Price at posting:
34.8¢ Sentiment: ST Buy Disclosure: Held
