4DS chart, page-320

Hi @Hrunting - I'm not sure whether you got an answer to your question or not, but yes you are right. Take what you think the future MC will be and divide it by the total number of shares on issue. If you want to feel really good about the result of your calculation then refer to your MC guess as an "educated estimate based of research and the MD's history". I tend to view all SP estimates to the upside as being "feel good" estimates, or in other words "believe it when you see it". Given all that, it is still nice to dream about a 4DS SP at $2, a bit like dreaming about winning the lottery.

Now, getting back to the thread theme, an updated 4DS chart is shown below. The SP now seems to be forming a flag pattern. My WaveTrend indicator is heading down from the overbought area. A retrace back down to the Fib 50% level at around 6.6c wouldn’t be unusual for this type of stock. This is also the level of the High of 11/05 which was the start of the previous down trend. I think I’ll be a buyer again when my “WaveTrend” indicator turns back up.



Good luck everyone.