Charting, page-43

I'm not a holder, pppzzz, but I'm prepared to buy at a price on a risk-reward basis. What should that price be ?

In the absence of news there is no reason, in my view, to be a hero and launch in at 2.0. Every time someone puts their head up at that price, they get hit with stock. Day traders appear to have lost interest, because they see little hope of a short-term bounce. And I'd be surprised if all the buyers at 1.8 really want stock. Even if they are genuine and get set, they might be happy to sell out at 2.0 and make 10% +. In the meantime holders will keep selling out of boredom and frustration (for example, AU Bull today, and hypothetically Braydan's Dad or Gyro or Disco or unlucky or Lucky Phil or Jo-Jo in the near future). And what if Holla's mate, who seems to have well over 15 million, needs cash or just spits the dummy ? On the demand side, where will fresh buying come from ?

So where's the bottom ? I'd be tempted to be buying around 1.6.

Could well be wrong, and they could fly tomorrow, but they'll do so without me aboard.