George,
The spec end of the market is in a bit of a hole at the moment, then there's the oppies, then there's the timeline. I am confident management will execute as they say, but when? A lot of people on the sidelines will be thinking the same thing. I am waiting patiently to add to the position.
Here's the 10 month weekly. Long term support circa 4.4 - 4.5.
I'd like to see that hold before committing further. Seems to me it's looking for a base. The holders of the oppies have been patient, excercising when they can without really crashing the price. That said, 9 cents to under 5 is a decent pull-back by any measure.
The 61.8 Fib is pretty much bang on 4.5, which is also where the white line 50 week SMA sits. Critical level to hold, IMO.
As you say, all it needs is a materially concrete announcement to put a floor under it.
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