Fishinnick,
Price at time of posting: 3.6c 03/02/12 "Won't the NWE stock left with the ubderwriters,a big lot at 3 cents 60+ million I believe , hold the sp down for a long while?"
I wouldn't shout from the roof tops about getting a single trade right, when you got last one +250% wrong. I think you are stating the obvious, a retrace is a given after such a hard run.
It was outside the Bollie Bands , RSI is high, Stochastics on the turn etc, etc. 0.080 is current support (old resistance) and after that 0.076, see if it holds. I'd take an 0.080 finish on a flat day and some consolidation at this stage.
Most on here are long term holders (many are up a heap of cash also) and would not care about the minor movements. The true price action is ahead and people aren't going to give up CGT discounts for 10-20 % price drop? Well i'm not anyway.
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