Don't kid yourselves. This won't move for a while as a lot of people have been burnt on these recently. The MM's have really played hard ball here! The only thing that will move this is a large institutional buy order. Being telecoms it might be a while before any comapny will take the risk. This is a very long term hold. Don't buy in with the hope of a quick profit. You may get one but you may lose your trousers aswell. I am a holder but I am just being honest. Let things settle here before you spend your hard earned money. I hope I'm wrong but just be cautious.
The 3m is a sell - check the spread at the time of the deal. Even as a sell the buys outweigh the sells by about 2m yet the price still fell. This has been happening for the past 6 weeks. There is probably more sells in the pipeline which would explain this. You get an odd spike in between before the MM's start their shafting techniques again. I honestly see the offer falling to a bottom of around 0.38/.42 before any serious northward movement. Many people got caught recently on this one between 0.8 and 1p. Then again between 0.55 and 0.6p
I know other holders will be pis*ed off with me saying this but I'm just saying what I honestly believe. The small guy needs to help one another in this market.
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