My take on this mess...
A significant support / resistance level at 35 will be in play for a while yet. This virtually splits our chart in two.
Since our last crack at it we raised (intelligently when V2O5 was moving up) and capitulated back to throwaway price.
Second attempt at a bottom now after 20 failed. 18c held through the last doldrums which first attracted me to TMT. It took multiple rattles around the bottom and then an overwhelming shift in sentiment to move at that stage into uncharted territory.
This time around we will have 35 to deal with and then a very swift realisation of where the intrinsic value per share now sits in relation to 15 or 18 months ago. The rattling around here will take a while while new key holders accumulate and we have a false start or two.
A day without a post, more of the same... seemingly likely to be another negative commodity day... when will it end? These are the days I perversely love. Enjoy the popcorn.
