volume light since around 12 syd time, page-34

Yep, I'm with you on that Ferrari. And there's a couple of months between this first flush of speculation and an inferred resource, during which the price will settle.

You only have to look at the CDU chart to see that ... fantastic potential, creating a huge spike, then settling as the waiting starts.

This'll happen with FDL, so it's just a matter of knowing when.

I think it's a great story, and all indication are it'll be huge ... but not all in one go. It'll happen in phases, and I'm not a sitter, because the waiting can lead to long periods of dead money.

So I'm not bagging FDL ... just doing my job as a trader.

I might be wrong on Monday. Could shoot to .16 on opening, though I don't think so. Doesn't matter in the long run.

First rule of trading ... protect capital. So I take profit whenever I can, even if it means losing out a bit when I'm wrong about where the top is.