And Focker....a 37% holding in a potentially VERY large iron ore project.
I watched closely the price action today. I suspect we could have one more run down to 52ish cents but i wouldnt be surprised if today was the low also. The way it traded and the low volume was different than recent days. It went for up to 20-30 min periods without trading off 58-60 cent region. That sort of price action doesnt pertain to punters getting out. Equally no one seemed keen to jump in and pay up either but from a "price action" prespective, the pattern is changing IMO. The gap is basically filled now so I am more bullish on it from here. I get that any major stock mkt retracement will take its toll but that aside I see this consolidating around here and any news (even if small) could see it jump substantially. Note the small volume today on the sell-off (600k shares by memory). Nothing close to the last few sessions. Seems to me to be getting exhausted.
And I am not talking my book. My entry price is well lower than here and I dont really care until it gets back to the mid 20's.
Anyway, IMO, DYOR and all that but a stock like this always trades like this after a 100%+ move over a short period, especially in the face of an decnet index pullback.
TRH Price at posting:
59.5¢ Sentiment: None Disclosure: Held
