its comforting to see that there arnt a whole lot of new sellers coming in, people are moving their sells down from 18-19c to 16-16.5.
to me, this indicates that the people are taking a quick profit (a tidy one at that) and want to cash in now. there was a similar pattern when it initially pushed up to 13.5c, it was driven back down to 12c but then there were no sellers to stop the run to 15c and then on to 20c.
lets see if this pattern happens again.
we may have to wait for some announcements, but with the agressive drill schedule for 2010 im sure we wont be waiting long
SEA Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
