PT20,
Thanks for replying to my post. Your information shows good research and is very thorough. And I hope your conclusions are correct.
However, I still believe that it's hard to view the chart in isolation - firstly with the price drop off when the capital raising was announced, then the doubling of shares and the following sell off, seem to me to break the chart into separate peices.
Now I'm not a chartist, but I think that relying purely on charts without considering circumstances is dangerous. I would think that comparing pre-release and post-release prices to be like comparing apples and oranges.
Again thanks for your efforts, and I'm not disagreeing with your predictions, it's just that I believe one shouldn't look at the chart in isolation.
- Karl
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