I think we’ll see a 14-14.5 cent close today, for the following...

I think we’ll see a 14-14.5 cent close today, for the following reasons:

1. 20% gain on close yesterday after no news, probably needs to cool off a bit as I could see some more short-term profit taking at these levels.

2. There’s still potential for selling pressure up until 18 March for the ASX 300 rebalance.

3. It doesn’t look like there’s convincing support until 12.5 cents. There’s a 1.5m share wall at 14 cents; however, over half of that is a single buyer, so we’ll see if he/she follows through or pulls it.

4. Pure brine plays didn’t do too great last night (LAC, LAAC, etc).

Just my opinion of course, might be wrong. Obviously any surprise announcements from AGY will make these thoughts obsolete.

Should be an interesting day.