why the big selloff ?, page-6

I doubt that a surge in buying is a disguised sell off..more likely people with some nous trying to position themselves before next week in anticaption of the firb approval.

What makes more sense is that A ... It wasnt such a huge sell off ... volume was average and a lot of the professions like to close their positions before the weekend.

Also if you look at the charts , techincally they offer the answers you are looking for.

the 100day moving average has worked as resistance and it has bounced off that line. When the approval is confirmed ( or hopefully before) it will surge through this resistance.

A fall back to 29.5 cents is just following fib ratios after the surge this week. I wouldnt expect it drop much further if at all on Monday. A retrace is normal and to be expected. Any trader with idea would of waited for the retrace to take advantage before the next surge forward.

Share prices never go straight in one direction. It is still in a up cycle on my momentum chart so wouldnt be worrying too much just yet.

The bots are still on the sell side which means someone is buying not offloading.... good sign

The directors are throwing all of their spare cash at this.... good sign.

If people panic over a normal retrace than maybe shares arent their thing.