Nearlydun to quote you, "support at these levels"? you serious mate? what support do you see?? I'm sure yesterday you would of made a case of 5.5 being it. I'd suggest support hasn't been found as yet. again, being punished for not doing as stated. I still don't see a valid reason for delays.
Here is my response to your questions. Yes, I am most serious. It seems Nearlydun, that you are not a TA person. Esra and 1SunTzu made a sound observation about volume. In relative terms to the last few weeks of trading which were miniscule volumes, today's volume may be seem bigger, but in fact it is small, as far as significant trading volumes go. Volume is a key element in determining support when using TA. If you look at the current Point and Figure Chart based on today's data 13th April it reveals a triple bottom on the close value. That is a strong indicator of support.
I note you still say you hold, when diligent TA users on first entry would cut a loss at 7% and possibly re enter with better timing. This gives you a chance to break even on three goes. It would seem you are in the company of the other down rampers who are few in number but like empty tins make a lot of noise. Otherwise why would you hold and shoot yourself in the foot?
If you had cared to look closely at my previous point and figure chart posted around 1.51 pm and well before the close today, I predicted a close of 4.4 cents. Note that was based on the previous day's data which was April 12 which is clearly labelled on the chart. You obviously failed to notice the circle at 4.4 cents. As I said before, if you are trading SPQ, the opportunity is there again especially for swing traders.
Now ask yourself where did it close? Now ask yourself would I have really made a case for 5.5 cents? You are inclined to make comments that are irrelevant and based on supposition, so how can you be sure about that, yet dabble around the skirt with a suggestion, support has not been found! Seems your outburst directed at me was more political than logical. My decisions are of course based on probability, not certainty. Support is lying in this zone at present IMO. If it is pressed further by a few, then price is at discounted value and has strong rebound potential.
I am more persuaded by the Shady Merv's comments in his post above, and feel support will rise to a higher level in the near future, once JV's are finalized.
(20min delay)