wednesday action, page-2

shocking retreat imo...i was banking on this going to 7c+ this week...still 2 trading days in it, doesn't look likely though...momentum has DIED.

anyways, i think there is potential to be realised here, monday's announcement has almost been completely erased from the share price. day traders been exiting yesterday and today pushing the sp lower...everyone is waiting for the GAP to close so they can start buying as t seems todays stock market is all about analysis software and nothing really about fundamentals.

Yes sure, company will need $$ to get this rolling again, but they are 1 step closer to getting it done. SP was over 12c before they terminated the project...imo we should be holding at around 9c until next bit of news comes out.

Really a shame that fundamentals have no impact on shares, its all about the TA these days.