FBR

Last week, when the price tumbled to below my average buy price, I bought more shares.  Then it was suspended.  I was annoyed because someone may have insider information.  It was raising capital and placements are nearly always bad news fro small inestors.  And these new investors often get to buy at a lower price.  So you can expect the share price to plunge when it reopens.

However, because it has a 'cornerstone' investor with a deep pocket and a history of being astute buyer, the share price jumped UP this AM when it reopened for business on the ASX.  The placement price was much lower as usual.

My alpha today is mostly from FBR...