Well done to those who bought this morning. You needed to be brave to buy in this market.
It was a strong bounce but unfortunately the market isn't getting better any time soon as Europe collapses and America decides to play games. So I see more pain ahead. Not down ramping, just telling it how it is.
No news is bad news in our case as we are well over due. But unfortunately any news will probably just be absorbed by the terrible market conditions. I would hate to see a capital raising at 4-5c as that would be like giving the company away for peanuts.
Great market for short term trading but any long term trading will probably come at a loss as we are in a downward trend.
share price, page-15
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