sliding, page-18

Nah des we are certainly leading the pack. If we are up here the Naz follows and if we are down the same again. The leader over the last few days/last week seems to have been UBS with their bot trading/selling, could be one biggish client wanting out or a few, don't know. Commsec seem to have been the main buyers along with Etrade and Morgans and these could be just speculators and Mum/Dad type investors.

What we seem to have here is one very big flush out of former speculators and short term traders who obviously believed, like every one of us, that the Naz would charge us ahead to great heights, as did Griffin and CCZ (although they took a 12 month outlook and can still happen). This didn't happen obviously, and the debarcle caused by computershare cetainly didn't help this cause either. The hot money ran for the hills and those left standing are obviously being forced to sell due to triggers being hit, momentum truely lost or they simply want to jump on other opportunities, imo of course.

I'm personally here not for a $2 target price or even $3, I'm here as a longer term investor who see's great value down the road simply due to what they are setting up here and who they have deals/partnerships with, I'm set for a lot higher prices to come in time and will see this through. As Writer has put in his post this morning the opportunity is there and those that can stomach these types of fluctuations should do very well as long as the company delivers on its milestones and targets. I certainly wont be caught out if UNS turn around some time soon and announce another major pharma signing or anything similar to that magnitude.

There are so many blue chip companies out there who's charts could show this exact same picture of wild swings as they grew to become a considered blue chip, such is emotion and speculation, I accept that. Also good luck to those that can trade it well and make money along the way, myself I trade a fair few others but this one I wish to hold and see through as I like to have a few good keepers that I know rather well and want to see all the way through. A few people I know that have made a heck of a lot of money out of the market did just that, they held, they topped up on the dips and they followed through on the success on these investments and in the end were worth a lot more for doing so, never missing a growing beat.


Good luck all..........