FWIW - the low to mid 40s seems to represent a long term support...

FWIW - the low to mid 40s seems to represent a long term support line dating back to consolidation of early 2009. We've bounced off the 40-45c mark several times since then yet only broken through twice (most recently in Sep/Oct when the market sold off sharply). Since the low of 34 cents on the 26th Sept, we've bounced back to the support of 40-45 in typical fashion and remain there despite market volatility.

I'm starting to think that the market really likes RES and gets extremely excited when key announcements are made, yet still values it at 40-45 cents until certain 'well discussed issues' are resolved. This is why we continually see the 'typical' pull-back after solid gains are made.

Had we mere investors known this all along we'd be trading RES by selling into the squeeze and buying back in the 40s several times over whilst accumulating all the way! A good learning experience for my next 'RES'. Hopefully, we're at turning point now with the expectation of some pretty major 'game-changing' developments due out over the next few months.

Personally, I'll be looking to buy more RES over the next few months as it dips below 40c on signs of global weakness. Didn't get my 20c entry back in Sept but I was close at 34c. I called it in early Aug I think.

Watch for a consistent increase in volume as we head into Jan/Feb. By that stage (and providing the market hasn't crashed) there should be a lot of interest in RES with prices starting to move north quickly.

Because we KNOW the market always overreacts based on sentiment, I wouldn't be surprised to see $1.50 if all goes to plan.