has the tide turned?, page-7

IMO pro's are trading this baby and dont forget the 0.1 to 0.105 is the sweet spot for them as each trade in that zone give 5 %. Its the traders delight area. Therefore the more traders are able to churn it up and down throught thsi sweet spot the happier they are. I was fully expecting this churn. IMO the thing to watch is the decline in share on offer. As this decliens the sweet spot will be harder and harder to churn.

So far they have taken out 10 % of the shares on offer in one day. I would estimate that once this is down to say 40 % (ie around 8 mill on offer that we can expect to see a brak through to the 0.12 level and beyond) The mores shares traded the faster this will happen.

So far just shy of 6 mill traded - I would not be surprised if we see 0.12 and higher by Monday midday !