re: Ann: AJ Lucas Restructures its Loan Facil... Gday TBE,
AJL started testing this range about 2 weeks ago, so it was a sure bet back then that we were in for a solid ~20% drop and it might well be sustained down here for a while.
There is nothing driving sentiment and you can see that pretty clearly as it has crawled down here from 1.50. Now the traders are just having some fun. This is the time to really ask yourself if you are long or short as this is the time people are left with their pants down when things change or move quickly.
Anyway, I am still a happy (enough) (really a ball of rage) holder.
Cheers,
SF
Ann: AJ Lucas Restructures its Loan Facility with, page-29
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