-
Share
1,396 Posts.
13
10/02/11
11:36
Share
in terms of SP I feel market has already factored in risk of deal faling over.
no one wants to sell a .03 cents and no one wants to buy at .04 cents under the current unknown outcome.
That said there is still some $500,000 bid for at .03 so people still see value at that level and are willing to buy if someone sells to them.
I feel if word on the street was deal was dead we would see volume trades at .03 as people exisited positions.
In my view no trade volume is a good sign - there is no panic yet (not to say there wont be with an update).
-