Is chicken little still around? Have been using the ignore button to great effect. Pretty sure the misogynistic babble from that one is a cover for a bigger game ... Only posts on CTM and changes like the wind depending on what game is afoot on any given day. Call the management a mob ... ha ... ridiculous.
There's clearly been a movement from ops to ords and ords to ops depending on people's individual circumstances. I myself traded out of some options a while back and used the proceeds to buy ordinaries without having to fill in the form ... gave the buyer of ops a discount at the time, but then managed to buy back the ords at a price that meant I was still only paying the .18 conversion. I'd have liked to have been selling the ops higher, but we all likely missed the boat at the A.T.Highs. Thing is, swapping out of ops into ords you ultimately lose nothing except leverage, and that is coming to an end in a week in any case.
I think the ops being offered atm are cheap .... but who knows if the seller has already bought extra ords when the share price was down at .65?
All of this has been going on in the background and management is smart not to get the good newsflow mixed up in it all. End of week we should see a renewed momentum now the deckchairs have all been reshuffled.
The rest is noise.
CTM Price at posting:
71.0¢ Sentiment: Buy Disclosure: Held
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