Got them yet Ocker? The CMP is moving up steadily now, the selling wave of recent weeks appears to have flattened and lost momentum while the buying volume is building. A bit like the coiling pressure of a spring. When someone breaks rank and takes the 14's out, the CMP will move up quickly and the chase may be on for very cheap stock <20c. Given that it is a classic rebound opportunity and grossly undervalued imo, this classic catostrophic over shoot leads me to suggest like Buddfox that in the short term, a solid rise may be on the cards. The shorts as previously discussed may not be feeling as confident now with the build in buy volumes and most of the serious tax selling would now be out of the way although you could not reasonably discount the possibility of the odd tax loss sale.
A few positive announcements now and we will imo see some solid appreciation in the share price.
ciao
SEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
