What a day - tug of war in play.Yes, after a see-saw battle, we...

What a day - tug of war in play.

Yes, after a see-saw battle, we finished half cent higher at 36.5c. Our volume was very good - 2 to 3 times higher than what we have been getting, with over 9.3m shares traded. Our VWAP average was 38.2c, so we finished nearly 2c lower than that.

ASX Li stocks had a good day. The shares I track, average gain was between 5 and 6%. We gained 1.39%.

We started strongly and at one stage it really looked that we will finish in 40s. But then that big seller was back. I mentioned in my report yesterday about that big seller who dropped 1m shares in one hit. Today that seller dropped 500k shares multiple times. I still don't get it, who this big seller is. Anyway, good part is, there are buyers. We have had very good volume and I am sure that seller cannot have infinite shares. Must be towards a finish, and if the buying continues like it did last couple of days, we could easily see 30 to 40% increase in short period.

What next - I really want to see the back of this seller. It has stalled our progress. Today was such a good day to make a big gain and it was spoilt. But looks like we now have new buyers - fresh blood - based on what I read around Fat Prophets. We are still at our near bottom in a bargain sale, I am sure it was so evident that recommendation is now going out. Tomorrow though is tricky. We had a big dow green, decent asx green. Tomorrow probability of sideways to slight red. But if our seller is gone, the recoil to buy may be a big one. That can really push our sp into 40s. It would be good to finish the week on that high. Lets hope it happens. All the best.