re: brakes aren't working Good result so far...
The last thing we want is for it to overheat...what we need is for it to consolidate this rise.
Important numbers, both primary and secondary for me are/were...3.4...3.7...3.9...4.0...4.2...4.5...4.6...4.7...5.0...5.6...6.0...6.3...7.0...8.7...9.0...9.9...10.5...11.7...
The most interesting point about the recent rise is that although it has been on good volumes...they are nothing compared to that traded during previous runs.
The upshot of this is that when such volumes do start to turn over, as I suspect they will, we might be in for some fairly spectacular rises...not unlike those seen from July to September 2003 and October to December 2004.
Options are as good as home in my books...it's really just a matter of how high now?
My guess...the shares will be trading around 6.3 come expiry.
Cheers!
WTE
wedgetail mining limited
