profit takers in play, page-2

Hi Ifergan

You could be right, but I was watching the trading closely afetr the announcement was made contemplating topping up myself...what I noticed was that there was a lot of concerted selling at $1.90 every time the price approached that or just passed it, the seller drove down the price. I guess i am always cynical about the trading activity of stocks I follow, but it seems crazy to dump shares for sale when the trend is clearly up. i am pretty sure it would have easily broken $2.00 today if it were not for that (what appeared deliberately designed) selling. I'm sure there are those institutional investors around who want to accumulate at current levels and are prepared to expend some money to keep a lid on things. Anyway, good buying at current level if you ask me.

regards
DF