Ersoteric the lack of volume is what makes this scary, it's likely the brokers have been knocking their personal allocations out taking care of themselves first and hyping the stock along the way, clients come second, what happens if they start to want out and it's trending down? You only need to look at MEO as an example of this, now trading below the placement levels after having a similar euphoric run.
Naive to think you can fight the market theory of cashing in a profit! On the flip side there is still a chance this is tight and the sophisticated punters are in it for the drill (the second half of next year!)
My opinion - the chance of this not being the bottom is too great to punt just yet - ProP
btw congrats to anyone who sold at 25c + recently!
MOG Price at posting:
21.0¢ Sentiment: Hold Disclosure: Held