AMI chart, page-84

The AGM is not really a good place to announce bad news. I think bad news would have been published before the AGM. No news in the current stock market environment, on the other hand, might cause one or the other investor to either take profits or limit losses. I'm sure there are a few who buy at these levels as well.

I would think that we would wait and see what comes out of the AGM. After correcting almost 20 cents from the high, a positive AGM would be more of a reason to move up 10 cents again. From a technical point of view a further correction in the direction of 60 cents cannot be ruled out. 55 cents would be the highest of the feelings for someone who wants to step in for the first time but I think that most of the consolidation is behind us. On the other hand, a move back into the 70-80 cents would substantially refresh the picture and prepare the way to leave the 80 cents behind us in the next 1-2 months.