Fair call. For those that aren't familiar with why I took my position last week, I believed that the SP was pushed down prior to the convention to enable investors/instos to purchase cheap. I did believe at the time it was to grant a cheap CR, however that wasn't the case.
So to sum it up: bounce has been based on FA following the convention, in which case the TA has now followed suit.
This is all my opinion, but I've been right on my last 2 theories and haven't taken anything off the table at this point. I'm firm in the belief that this can have a ASN like revival upon positive drilling and I think the SP is perfectly priming itself to prepare for that.
4CE Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
