Sorry about late reply but have had some post xmas problems to...

Sorry about late reply but have had some post xmas problems to sort out. I think (not recommend) that the bottom is around $2.30 -$2.40. Only a few times have they sold under these levels. Around Sept last year they hit $2.06. At these levels Lev usually soaks up those available and brings the SP up to about the levels I have suggested. If you go back as far as the GFC (2007-2009 mostly) the price was around $1.40 but at this point I do not see that the current economy and sentiment is at that level. TWD was stabilised at that point by Lev personally buying up all of the spec houses which TWD had for sale at the current valuations (of course reduced by the GFC sentiment at the time). Just putting a bit of context behind the comment that Lev has a habit of supporting price when value is apparent. If you look at his buying history you will see that my comment is supported.