Have been trying to understand the current trading , in some...

Have been trying to understand the current trading , in some ways its a huge contrast to exactly the same period last year . Last year we had the exact reverse a bunch of sellers wanting out and forcing it back always down to what I seem to remember was 22.5c. It seemed illogical but each day you would see some signs of life and then it would be taken away as the steady volume kept coming to market. I often think that a falling knife would have been better - i remember buying a few @31c and @ 29c and then @28.5c - then I stopped because I just could not see any logic to the pattern. It only ended when a few buyers seemed to emerge and a big volume spike and it settled down. After they had delivered on their promises it became clear that it was nothing more than sellers wanting to sell and there not being enough buyers and after it dropped we all became wary because the selling was relentless.

In some ways now is the exact reverse - it seems too many buyers chasing a smaller and smaller pool of people willing to sell. I think without news its range bound between 50c and 60c until the results - I wont sell as I am always aware that one announcement can change this and as there are very few sellers I don't want to be on the outside looking in. I am an investor and not a trader , though on occasions I do trade. To trade this share looks risky to me. I think that many want to buy and that everyone likes the healthcare space. So I think it will just hang around this reflecting the demand and then a seller will take profits and it will stabilise - Most will want to take profits after 30 June but do you wait - In my case I am not a player in that game this is a long holding. So I think it will trade this space until the results then I think it will slowly continue its creep upwards assuming the results are in line with expectations. What worries me is Bell's EPS is a tad high as their tax rate is wrong so in fact they may have to explain why they expected a 10% tax rate. The company now has a deferred tax asset so it will record the standard 30% - part payable and the rest release from the tax asset.
I have no money to buy more right now so I am not worried by the current pricing.