tech signal - significant break of downtrend, page-63

Looks like it was a false breakout as predicted and with red ink abroad tonight folk getting feet back under the desk on Monday won't be starting the year with rose tinted glasses. I'm picking mid 7's will be on the agenda.

Cash is still king and ann.s are unlikely till end of 1st Qtr.

Silence on Vale's cash is going to be damaging too. The market only hangs on a promise for a short while before folk loose confidence in management even when good times might be just round the corner. The fact is the market is littered with companies that never made it successfully from explorer to profitable producer despite significant resources.

At this stage I feel the glass is still half full and happy to buy in if the down trend continues to a discount on in ground resource to warrant the risks.