If you are a chartist-trader, then whatever the charts tell you...

If you are a chartist-trader, then whatever the charts tell you is what is relevant. At about $2.00, or a tad below, there have been relatively large volumes in recent days - two to three times average, and when it has come down a cent or two, volumes have been thin. This TA approach is not my forte, so I do not have a strong opinion on it.

My amateur view is that investors who do not know the stock may as well hang bock until the mid-year report is published on 20 November. A good report will kick things along, and a bad one will not. I think the market and brokers have factored in a pessimistic report, and hence if that transpires, downward SP movement should be minimal. A good report will force brokers and investors to re-calibrate their EPS prognoses for the future, and the SP will drift up. That is why I now hold.