Can it be such a short time ago that this forum was alive with talk of punching through 0.40 and forecasts for 0.50? Now there is talk of heading for 0.20. Oh how the picture has changed . I expect many feel like I do now....like I missed a great chance to do well in holding out for even more. Next time -if indeed there is a return to the 0.30's -I may be a bit wiser. I will have a zimmer frame on stand by for the day it reaches 0.50.
no irish bob. from memory aibs shares outstanding is 500 bn odd. 1% of 500bn is 5bn. 5bn is 16% of 32bn. unfortunately even though there is only a 1% float thats still 5bn shares which are on the merry go round and when the music stops there will be tears and cries of manipulation & how could this happen and all the usual. on this one I would certainly rather sit up a tree with Radar!
don't dismiss the 200 sma lightly. I expect it to put up a hell of a fight before letting the market at .25. If it rolls over & plays dead & the market runs through on volume...........thats not good. I expect it to fight though, he is the heavyweight after all.
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