buying the levels, page-12

kosmo...

The recent bounce has been on very light volumes so far, so I see several possible scenario's...

1. It will need to range trade in the low to mid 4's until some decent volumes have been accumulated at these levels;

2. We might see a false rally (low volume) up to about 4.5/4.6c, in which case, I would expect to see it retrace and test support at 4c;

3. We get an announcement and it pushes straight thru 5c, before retracing to find support at 4.7c;

4. It slowly slips back down on very low volumes, to re-test support at 3.6c.

Any of 1, 2, or 3 above would be fine by me. The 4th would not be the best short term, but assuming the 3.6c holds, would be very good for the long-term price.

So I guess I would be happy with any outcome!

Cheers!