Been following the auction all day. it is typical of weak retail hands fear selling. Consistant small sales from very early on the back of light volume. We have been in a vacuum of late without any news which is causing the more faint of heart to panic. Adverse general news events further add to the fear. Yes we're in a downward trajectory however its very gradual on light to average volumes. Whilst i acknowledge the current macro and micro investing climate EML still has a strong balance sheet and as of latest report positive cash flow. These two features are crucial for any company during such downturns. I have personally averaged down today in SP and increased my holdings. Should we now dip under 3.00 i shall be a buyer again short of any very negative news DIRECTLY impacting on EMLs long term outlook. Just my humble opinion...
