Get ready for some action tomorrow (23/06) when the additional 6.6M shares are allocated and start to trade.
Expect to see some price selling pressure down to 56c.
It'll still be a good time to sell now and buy back at 10% discount later.
As previously advised this is very typical of a few spec stocks I have seen when CR has been undertaken. This stock is no differnt to the others. Sometime you wonder why would ppl be still buying up to 65c when the ann was made. If they have done some research on past CR then patience will pay off.
I expect some buying opportunity in the mid 50c with 56c being the resistance. Wouldn't surprise me if this break temporarily to reach 50c if overall global market is tanking - seems like Greece solution will be found but the long-term problem of country with large debt is still lingering around.
STB got hammered yesterday.
cheers
TRH Price at posting:
62.0¢ Sentiment: ST Sell Disclosure: Not Held
