General discussion thread, page-1954

Well - who will take control - buyers or sellers ?

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Yes BAS remained flat to finish on 17c. Our volume was not very high, just over 2.3m shares traded. We opened at 17, touched 16.2, and closed at 17. So from a chart perspective it may look all right.

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So, will it be buyers or seller who take control? At this stage I feel we are at another equilibrium where no one party is in super control. Although we are coming back after touching 15c, there seems to be enough supply at this stage. I wouldn't say enough because the volumes are not very high, but since buyers are not stepping up in a big way, its enough to keep the sp moving in a slow pace. May be it will require an announcement to break this stage.
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So no gain today, but more importantly no loss. A lot of trading happened on 16.5, but like many days when we finish half a cent down, today we finished on higher side. Also, it looks like there are not many who want to sell lower - like at 16 today. So at this stage it is holding well. Its forming a good platform where it can move to a new price up shortly. I feel so, but please dyor.
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So what will happen tomorrow? We need an announcement and one can be due. Last time we asked Tino for one, he obliged. I feel he may already be preparing one for near future. Meanwhile, it would be good to hold 17. Its very crucial to get to 18.5+ - lets hope we get punters who see real value and get into it. A few big buys and we should be on our way. Will that happen? Let's hope so. All the best.