As expected selling on the good news... the market usually moves against the majority (ie what seems to be most logical movement never occurs as perceived by most of the people). Good news are sold out by the pro to "Flush out" weak hands. I am not surprised by its movement at all.
This is how the big fish "eats little fish" for breakfast.lunch and dinner. plus dessert!
We need a dip down before any meaningful rally.
The other scenario would be nobody wants to sell and both parties need to asses whether a higher bid is imminent or SOl walks out.
i staying put. We need big sellers to drive this share price up... to shake off the "takeover" premium news and flush out weak hands.
i hope i am wrong and it goes up to 30 cents... market is ruthless! Happy Friday!
superox
EXS Price at posting:
20.5¢ Sentiment: LT Buy Disclosure: Held