ZNO 4.35% 2.4¢ zoono group limited

No, this looks like a sell signal to me. There is only two...

  1. 2,541 Posts.
    No, this looks like a sell signal to me. There is only two explanations:

    a) Something hasn't gone to plan and small inside holders are bailing, and there is no additional large off screen support

    b) It is a feint by traders expecting good news trying to drive the oppies price down by selling the heads at a discount.

    In either case I would sell today and buy back if the price rises back to 14c. I know it sounds a bit silly, but it will lock in any gains you might have and allow you to buy back cheaper if it is just a temporary lull. If it does go back up, proving it was a feint, you wil not have lost that much that you care about it when the share price hits the 29c mark.

    Its just a case of risk management. Don't let your profits and capital drip away because you have fallen in love with the stock (ala what is happening at WMT).
 
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