$1 is no far, page-55

Hi Guys,

To start with SStock, if you look at the 5 year Chart, you will see when the GFC hit in 08 when the SP fell from as high as $5, you see a strong support at a $1 in March 09. After some accumulation at a $1 you can see the price rocket towards the $2.50 mark. Second time in July 2010 it hit the $1 mark again, and similar to 03/09 it bounced back all the way to $3. And just recently in Dec 2011, it bounced of after hitting that $1 mark.

However you have always remember that this support will be checked at least twice before taking off. In 12/2011 it bounced off after hitting $1 but thereafter the second time when it went out to check that support it was sold off and it went all the way to 46c. I am looking at my charts on Commsec.

I see it rocketing but wont certainly comment on the SP.

As we all know LNC has been added on the ASX and its due to take effect on the 21/06. We can expect significant amount of buying from the instos happening after that, which is what I refer to as rocketing.