wheres this ann???, page-4

Difficult to say; This time the prices were virtually constant (84/85) for nearly 2 weeks and the turnovers on some days were good.

It started building up yesterday; Alpha suggested 88/89 as the resistance and that had been there for quite some time.

It either broke through there because there could be an Announcement shortly or people think there will be one or the stock acted like a spring: Having been held back as the final demand outstripped supply.

In any case I am quite happy with some movement.

I believe there will be a good lasting demand for this stock as long they come up with some initial announcements. Not a good time for shorters, I would say.

See how we go on Monday.

Gerry
http://www.hotcopper.com.au/post_thread.asp?fid=1&tid=56268&sym=LUM#141648