bought too late in the spike after umm-ing and ahhh-ing, only for it to fall hours afgter i bought. waitied a few weeks for the out come of their takeover bids of smaller mining cos, felt that they were looking for smaller cos to help support them so I bailed as the price wasnt shifting too much at all.

EVN was in the middle of a corporate buyout of a smaller mining company. over the weekend, the company being overtaken rejected the offer, and the company underwriting EVN withdrew their support. the stock fell to 1.09. Monday the stock rose to 1.14 and hovered around this mark all morning. Expecting a fall i sold, only to have the stock rally in the afternoon to 1.18. go figure. I think Ill hold longer next time as Aus market isnt as quick to react like the American markets seem to be now 1.19

Entry comments: Bought due to big spike early and new highs in week and company about to take over another mining company. company then releases press statement saying takeover bid rejected and company supporting them is pulling out. Stocks fell.05 cents to a low of 1.095 after i bought, to close at 1.15. will be selling monday hoping for a spike.