My Bloombeg chart has an 8.6c high (I think it adjusts for new...

My Bloombeg chart has an 8.6c high (I think it adjusts for new issues) and this is a key level.

The AIM market closed at the equivalent of 8.8c and yesterday it loked like the Market makers were busy covering short positions on the ASX.

Once we get through 10c we start moving in 0.5c increments and should form a new range between 13c and 25c over months.

Normally RRSO would be a weight on the heads but with our UK friends having taken a liking to them too it seems (from the depth at least) that this will not be the case.

The rising lows over the past few months and the performance this week in the face of a $10m capital raising has been stellar - this seems to be the first capital raising that has real interest rather than the old pump and dump pattern - there are no free options and no underwriting - buyers just stepped up for the discount and secondary buyers on market have kept the bid tone.

If we can close at or take out the 8.6c high today in the face of a SPI down 59 points overnight then this is really strong.

(for those reading this for the first time my long term sell recomendation is a joke - everything is a long term sell and I will sell out of Range in the long term).