drilling, page-3

poorteacher,

For the most part, it would very much seem we have 3 distinct camps in FAR atm.

Camp One which have the likes of Credit Suisse Holdings are buying at a 10 cent average and have been for the last 2.5 months. These insto's have the help of their brokers and are able to keep the accumulation cost down

Camp Two are down rampers buying at the same cost and rely on nervous punters selling into their hands.

(You can tell when these types have their orders at the top of the bid columns, they post their drivel.)

Camp Three are the ST and the LT holders who have bought and possibly sold enough to free carry or have reduced their buy in cost and now await their fate.

Camps One and Two need the SP to raise significantly over the next two weeks to either get out or at least free carry into the results.


My guess is we will have to see huge volumes traded here once the accumulation has completed. The only way we'll see this take place is if there is another announcement by my way of thinking. If so, resistance will be close to 15 - 17 cents again.

"Build it and they will come"

This is great asx entertainment for sure.

BB