On my technicals, I can't see anymore downside. My best guess would be a break of $0.40 in next few days, and on my charts a short term move to $0.47.
I say this on the basis of the declining trend line which ROY broke through on its way up, and which now is providing the support.
Trend is still up. I still feel it was clearly oversold on unjustifiable panic, and now has to gain its confidence again. Fundamentally the news can't be better IMO.
Today - I'll say $0.375. Monday, $0.38, Tuesday, $0.42 (on volume) in a week or 10 days, $0.47.
But who the heck knows, and I certainly wont be saying "I told you so."
General market looks fin for next couple of months at least.
I note that Colin Twiggs said his crash prediction will fail of s+p 500 breaks 1500. 1507 close last night.
Chill.
MFE Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held