market forces at work

hi guys

like most we'd all like to see a successful outcome for the shareholders of ADI, AUT & EKA.

also it would be epecially good for the energy sector as a whole..

plenty of speculation as to whether it will be commercial or not.

you have those who are super confident and those who are a little cautious..

the bottom line is, nobody really knows until the well is drilled to T.D and tests have been completed.

as for the fall in the past couple of days, well worth looking at energy sector indicies chart (XEJ) & ALL ORDS chart (XAO)..

the energy sector chart (XEJ) is almost a mirror image of ADI's chart over the past 6days.

in as much as energy sector chart has basically fallen over the past 6days, ADI's chart is exactly the same..

my gut feeling is, the above has been the major factor in ADI's re-trace. perhaps had the sector pullback not occured, then ADI's & it's JVP's share price might be higher..????

baring any announcement, keep an eye on the indicies. that will give you a clear view of where the share price might be heading.

market forces are at work at present, not much you can do other than weather the storm..

regards