ado chart and md, page-2

Yes - the daytrader thread could get it to 6.9c resistance and prob to 7.8c but they would get nervous taking it past the 8.7c level. No long term holders will put an obstacle in their way until then but I suspect buyers would run into some medium term holders or those who are long term and picked up a 'trading stake' somewhere between 7.8c and 10.5c. Beyond this it runs.

If there is a serious buyer they won't find anything meaningful between here an 7.8c - might be able to pick up 5-10m over a few days but if they want 5% they will be paying all the way to the 9-10c zone but probably average 8c if they are patient.

The unanswered question is - do they have the time?

Reality check - someone up ticked the close yesterday buying $50k in total. That is probably all they action we see this week.