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26/07/05
22:55
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***$8*** where too now?
Thanks Chefate & Jojosydney for the comments. They were much appreciated by Moi. Now that I am on my 12th can of Real McCoy Bourbon & Cola($10 per 6 pack) here is my opinion on JBM's Current shareprice & likely movements. Support is at $7.80, then $7.50 then $7.20. Huge support is around $6.75. $6 imo will never be broken again even if world markets collapsed. Volume, backed by fundamentals are the reasoning behind my opinions. Upside before dividend is around $8.40 if holders keep their nerve & nickel prices do the same. Barklays seem to to be not willing to buy in huge numbers above $7.80. It would take a "huge" announcent imo for Barklay's to start paying over $8 for JBM. If JBM can close above $8 in the next couple of day's I would think $8.40 is a certainity before the next dividend. If not $8-$8.20 might be the top of the range short term. I'm in at ~$4.25 average with the shares so not worried long term but I am still holding Late September Call Warrants so I need to take care. Anomaly 4 assay results I believe will provide some imputes to the share price(~2 weeks) anything else is just likely to be a bonus. I still think it is a bad idea to start shorting JBM & I think the majority of punters would feel the same. Anyway lets see what tommorow brings. Cheers.