Tin shed,
love the name. I can't see it crapping itself, although we just never know. The VWAP is at 60c, and the very small, tight register will make the difference in my view. The trading today was simply the traders doing what they do, and they'll probably continue when they see the quick movements. The register enables this volatility, which of course is a traders delight if the positive sentiment can continue.
On the otherhand, the overall market sentiment is failing now with world affairs, so we may not receive the bigger buyers we want, not withstanding the ability for good small cap specs to be sometimes immune to such events. Crapping itself down to the .46'ish gap would be a pretty normal affair, and the FIB 50% retrace is about there too (.49), so no surprises if it goes that way.
But we have to keep in mind that this supertight registers with great FA sometimes don't fit the patterns because they don;t have the same material make-up that other stocks have, and therefore the normal market forces don't push about the same way.
FA wise, I believe there'll be much further great news in the near future, but probably not tomorrow, so we may just see some overall sideways with a bit of up and down as the traders try their hardest. Personally, not too bothered, as have full confidence in this one.
Hope your trading is gong well.
