TM with you here! - that being said I firmly believe that AVB will bounce from here, solely on 'technicals'; and I personally (basing this decision over many companies, and having seen through many moons) do not believe finance will occur pre-Dec 31st.
The base-line trend (presently) I am basing my underpinning 'technical' decision on is as follows-
(a) June 27th 2012, (b) June 26th 2013, (c) March 13th 2013, "today"
That being said, if we break-down from here I am with TM, mid 5's is certainly plausible from a technical viewpoint. I must also state for the record that I and the majority of others with large volumes I know are in for the long haul, and above this will likely increase our parcels over the coming weeks/ months quite considerably.
Given all we know, and taking market sentiment (general growth) in the short to mid-term away, Avanco is definitely a LT Buy - to think otherwise is merely your emotions getting the better of you.
"In an ocean of skeptics you only need one believer", Kevin Garnett
Regards, NL
AVB Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
