Broker Data, page-17

Oh what a bad week, down from 5.7 to 4.5 this week.

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And the selling has continued. Very determined sellers, difficult to ignore. Fundamentals nothing has changed, but price action. As reported, one broker is selling. But if they can make a drop of 20%, it's still something to take notice of.

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So how far low we go? Not sure, it's better not to be preconceived and follow price action. Last week I said 4 unlikely, I am not sure now - probability has certainly increased. It all depends on how much still that broker has and how much fear it can create for others to sell.

Then maybe in a week we find that broker is the biggest buyer, mission accomplished.

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Personally, I had mentioned I may follow price action even though we are looking good. When today it didn't look like going towards 5, I let go some at my average of 4.8. But I had put some at 4. 4 sometime back, and they got hit. So eventually I bought back my stocks. My average is now 4. 6. I will be watching every trade next week.

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So what will happen now? Not sure. A very persistent selling, and sentiment is not very strong

It can change quickly, as our volume and market cap is so low. It may just take 1 or 2 to drop it, but same numbers can bring it up. Hopefully next week announcement around drill start. Maybe Damon buys more, his 5.1 buy not looking good, time to average down. Or get his mates to buy. For me, I will follow price action, I have learnt not to ignore it. But for now, it is still within very good limits, so happy to play the down for now.

Who knows, next Friday, if we don't finish in 3s, we again finish at 5. 7 or even in 6s.

That can happen, let's hope so

All the best.