And it matches Writer's earlier comments about hosing down...

And it matches Writer's earlier comments about hosing down expectations.

We all know that there have been sellers out there. (Thank goodness HHL have been around to mop them up). We also know that the good news re RBA decision 2 months ago was what the market had been waiting for. Unfortunately the buyers were ambushed, and the price today reflects that.

If I were HHL or any other shareholder for that matter and I wanted to flush out the sellers, I would be tiring them out by paying no more than 20c or even 19.5c over an extended time. Further to that, I would want the AGM chairman's statement to be as down pat as possible, thereby dashing the hopes of any wobbly shareholders and flushing out any other residual sellers.

We now have an interesting situation on our hands. As holders, do we throw in the towel due to another dissappointing update from the company, and wait for more clarity before returning to the story? I'm guessing that this is what most undecided holders will do. BUT... what if the volume selling just doesn't occur just as it didn't today? What does that say about the market?.... I reckon it says that most of the sellers have gone. Lets face it; we had an unusually bearish comment about ATM transaction volumes (which by most people's standards is the central plank of this business)and the volume was a tiny 400k shares. Usually a comment like that would cause a big dip is price.

I'd say today was a defining moment in the CUS market.

BTW, a quick poll.....who's in favour of a consolidation right now and who would be in favour of a consolidation at a higher price?