Afternoon25 Jan 2011 13:22
Another great day on the stock Market rollercoaster, at least WTI is holding well.
Wix, Matterhorn have been selling millions of shares for a while now, so they are sells but soon the overhang will be cleared, in fact it has shown strength holding 13p.
Take out the big 250/500k sells then it's lots of 100k buys etc.
Hopefully seller gone by next week latest and we can test 15p resistence.
With start of production I am looking for a re-rating to 20-24p by end of Q1.
For those in BHR also a seller however placing done at 18.8p mmm, not much discount for an ii unless they have wind of the forthcoming upgrade. Similar low discount placing done with GKP at 1.40, within weeks moved to 1.90.