Thnks Ab. Plus, of course, there's ye olde "buy the spec/story, sell on news".
Except, there wasn't a lot of room/margin available for the sell. It had already been sold down over recent days.
But, like most of these speccy oilers they seem to habitually drift backwards between anns - sometimes by a significant % (10+%). So,now's the time if you like trading and running the gauntlet of a surprise anns. But you'd have to think you'd be pretty safe at the moment to sell off immediately after yesterday's ann, help to drive the price down, then wait for a low ball-dip within the next 1+ weeks - wouldn't leave it too long though.
I suspect that I'm not alone in this conclusion - hence today's sell down.
OEX Price at posting:
16.5¢ Sentiment: Buy Disclosure: Held