oversold, page-8

There is not any unkowns about what is occuring nor do charts come into play. The facts are ever present:

- Company had a substantial run up in a short space of time thus plenty of profit takers.
- Further good news was to a degree priced in and combined with the co stating for fact they would need to come to market buyers held off and sellers rushed.
- $28m of new shares are now in the market and without doubt a fair proportion of them are in 'hot' hands.
- Combine this with Macq $13m sale and general sentiment it all currently stands to reason.

I believe once the hot stock is bedded down and the overall soft sentiment abates that the shares will find a value well above the current 75c level. Time will tell.