Hmmm Interesting 27 Mar 2006 10:35
CHP :- What we had last week was a share that was slightly undervalued at 16- 17p and now, with the announcement, we have a share that is seriously undervalued at 18p.
The short termers are pissed there was not a big rise and are taking thier money elsewhere with a tiny profit, this is what i believe it holding it back just alittle, but my nervousness about this share has gone.
The REAL money won't be pouring in for a few months and i would think there would be a steady rise up til then. I am much happier having my money in this company than i was a week ago.
riskypete, the stock market is a funny old thing, HML got the announcement, jumped from 0.7p to 3p then drifted back to 2pp ish, then all it took was someone to notice the share was seriously undervalued, and it then flew from 3p to 6.6p as you mentioned. I think, within the next few months, a lot more people will see how undervalued this share is.
So like i said, the short termers are talking their money and moving on but the short to mid termers will leave more money in that they would if there was a sharp rise as expected.
I have no idea what other peoples plans are but i am quite happy with my CHP shares sitting in a draw for now :-)