Hi madmacs,
Like it mate. Have been waiting for the gap to fill too, it could happen later towards the close today. That said, I can't see too much wrong with an entry here, as long as one can handle some pretty liberal stops, because the larger players have shown they are not averse to knocking traders out with volatilty ...
Projecting the 10 day MA over the weekend to Monday it will be 1.15 , so the price hasn't run too far ahead of itself at 1.18 at the moment ...
Couple of things to be aware of : Macquarie have a $1.00 call warrant exp 26/06/05 and also a $1.20 call warrant exp 29/09/05 ... they were some of the big sellers doing the last shakeout down to 96
I'm shooting for 1.36 medium term with resistance at 1.26 .... oh and this is definately the key level at 1.17
Will post chart on w/e
cheers
KIM
kimberley diamond company nl.
