i wonder if it is just momentum traders, then, who got disappointed that no news has come yet?
is it even possible that a company with a mill and a half in the bank would go and raise the same again unless it had a very good reason to? surely running a shell isn't that expensive?
i think news can't be too far away, and perhaps a few momentum traders might have pulled out because they had over exposed themselves.
FUT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held