Been following XTA for a while now played with it, but looking long term on this one really. Bought on 2/2/09 but sold too soon on rise for a small profit and watched them continue to rise. But not put off I bought again on 4/2/09 when I spotted a small cup and saucer. Held fast this time and am still enjoying the ride. I think the rights issue is going to a have a clause that will guard against short selling so one to maybe watchout for when it comes.
I too have been watching XTA... I am not quite convinced there is much upside above 480.00 near term...
Longer term ... the stock looks oversold in relation to the sector.. thing is I reckon that the volatility on this is going continue for some time on this...
Might be worth a Call at around a strike of 550.00 p by the end of the year (i would wait and see where we go if it cant break out of the current resistance though)
good luck.... :-0
