Thats ambitious Dunley but rather than the challenger space shuttle up the sp's behind Id rather see a sustained lower volitility rise.
That keeps the day traders away - although with a re-rating on the cards with new JORC data (market irrationality is the only reason we are not closer to $1.50 already imo) and low available script, a low volatility rise has a rather low probability unfortunately. The more volatility the more traders will be in - think FMJ. That thing is up and down like a yo yo. Fortunately we have determined fair value for EER so it should pretty much go there with certain discounts vs premiums battling it out bouying for supremecy - but regardless it should be SIGNIFICANTLY higher than were it is currently.
QE3 out of the way, commodities up across the board and a near 100 pt rise in the DOW coupled with good news on the way, not much is holding EER back today.
2 trading days left in APril, till some news, glorious news. I also fully discount the idea of 'sell the fact' on EER too fwiw (perhaps, if you were Kermit?). ;)
Cheers to strong longs.
EER Price at posting:
58.5¢ Sentiment: Buy Disclosure: Held
