chart, page-5

Not having a dig Aramz and don't have anything against OA. He (or she) didn't have to contribute and I'm pleased he did.

Obviously people sold at different points for different reasons. Some sold when 3.5c didn't hold (a pivot point imo). Some sold when the placement price (2.6c) didn't hold. Some sold when they were down 10% or 20%, whenever that was.

With recent cap raising activity to weak hands perhaps chartists should incorporate a "scalping line". This occurs 10-15% above the placement price. A hold above this line indicates managements' credentials. A drop below it is to be expected.

My point was that it doesn't help when someone points out that the time was sell was last week at the high, oh and by the way, if it falls any more you should sell.

OA's point would have been much stronger if he said that he thinks the current price won't be broken due to it being a 50% re-tracement, and to back it up, he bought on market today.

I'm with you based on that OA.

Just feeling a bit cynical atm.

cosmos