itchy trigger fingers

are being tested... looks like the pre-announcement run could be losing a bit of steam... However, wouldn't be surprised to see some big buys step in from off screen...
I would really like to see some volumes over 15m a day. Good volume today of around 10-15m should see us hovering around 3.0 to 3.1. Might be difficult with the general mood in the market. Sit tight and wait for news at the moment...
Once we establish new support levels at around 3.2 (hopefully over the next two weeks), I think we can expect a bit of a rush to get on board up to 4 and perhaps settling back around mid 3's later in the month. With volume attached, this should settle into a new trading range... I think the two's will soon be fond memory.

Don't forget, volumes should continue to increase throughout this month. There will be some quiet periods, but there is the potential for several announcements over the next 8 weeks. As such, we should expect some nice runs.