Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Whenever a company sees a big share price movement and subsequently puts out an RNS citing that it knows of no reason for the rise (or fall), I would expect the price to return to around where it was previously.
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Comments
Bananabob
Hi Gary
Good article and well balanced. Sounds like you missed the boat though… let their poor punters enjoy their moment in the sun… Chiffa still lounging by a pool
Gary Newman
Bananabob,
Good to hear he’s relaxing – still speak to a few people who know him from the old days.
To be honest it isn’t one I’d be looking to put any money in anyway (had a trade on that crazy rise and doubled my money in an hour or something stupid like that!). Just think people need to be wary with this one, especially with some of the targets being ramped on the bulletin boards, plus i do think we will see them raise funds fairly soon – quite a handy rise to do so potentially.