Sell @ $0.265
Was alerted by Sam towards 4pm of serious buy up going on. Decided to slowly (in 3 tranches) contra off the 2 earlier buys plus another batch bought on 29-Oct. The Buyer CP is '20' – Phillip for all. 😀
It may be Shares Buy Back in action. The last one was @ $0.28 on 7-Aug. With the next result due (last year was on 10-Dec), the estimated Blackout Period of 30-days will start by end next week. If it's really Shares Buy Back, there'll be a window period of only one week.
Left one $0.255 batch and another of $0.26. The rest are my "pioneer" buys. As my original intention for the recent buys were for short term, these will be sold, target, within the week (if the price is right). My reasoning is that during the Blackout period, the chances of share prices falling back is high. Further, I'm expecting the next result (seasonally the weakest) to have no positive upside – Poor sales of 8Raja + Likely write-down for Ion Prologue closure.