about today, page-22

Malay you do whatever you wish to do - it really is none of my business mate. All I am saying is that yes I agree that it has gone up and the short term trend is now up but my indicators tell me it is going to come down a little hence I took my short position.

Before I go short I check the short positions taken on the ASX site and they were increasing which indicates to me that at least some people are betting it will come down a little.

The daily chart shows me that it is overbought and the vol. spike last week followed by deceasing volume tell me that it is no longer being bought.

High vol high price = educated sellers selling to uneducated buyers was one of the first things I learned when I started trading. The second thing I learned was - when the volume has gone so should you.

Now I may well be wrong but my attitude through bitter experience is that if there is money on the table I am going to take it. I can't bear to see a profit being eroded for the sake of a bit of commission. You can always buy back in any time but you can never get profit back once it is gone.

I would rather miss out on a bit of extra profit than to just give what I have away when I indicators tell me it is overbought.

That is just my position. If the chart tells me otherwise I have my order form ready to press the button and quit my position.

I take your point that yesterday the price came off a few cents then went back up on an otherwise negative day. Today is very positive yet the price hasn't varied and compared with yesterday the volume is right down for this time of the day. The price is being sold into not bought.