ORE - Addition to ASX 200, page-11

i think this weekly chart makes things quite clear.

a well-established downtrend and all indicators negative. might see some support at the old resistance levels around $3 but more than likely it will fall through into the $1.60-$2.90 range.

clearly a sentiment and speculation driven ramp up to unsustainable levels. while the future and fundementals are bright, the company just isn't making any serious money, so a collapse to fundementals was always going to happen

hope not too many of you have been caught out. averaging down from there is not a good idea imo.