Edison,Given its recent movements I think that we could...

Edison,

Given its recent movements I think that we could conservatively see $1.30 - $1.50 this year. This would put on par with other less hopeful U co's which have had all the hype but havent got the stuff or have prospects in unfriendly territory. It seems to be undergoing a prolonged re-rating, each time it finds new support.

E.g. Pipped up to 57, retraced to 43
Then up again to 75 and good support at 62, and
up once more to 89 with support confirmed at 75.5.

This leg ??

Still it can easily drop from here as fast as it has risen.

Cheers,
P