MOD seems to move the most on no news and then when the actual announcement comes out the price goes down. It hasn't gone unnoticed and I was a bit surprised they didn't get an "aware" letter after the last announcement.
Not withstanding that, if you look to the left of the chart to around early 2013 there is a price range around 5 cents that we have to work our way through, as there would be a lot of stale holders left waiting to get out.
Unless we see a gap over the price range then we probably have a period of churn ahead, which I think is positive longer term.
MOD Price at posting:
5.5¢ Sentiment: Buy Disclosure: Held
