Hi JX,Agree the selling has been controlled, definitely not...

Hi JX,

Agree the selling has been controlled, definitely not someone with inside knowledge of impending doom.

Tough one to know when to enter IMO, hence my comments yesterday. If it can be confirmed who is selling, then it can reasonably be established how far they may be prepared to drive the price down to.

SP is way undervalued here, but I suspect there is virtually zero support from traders or those with short term horizon because at this stage we don't know when the selling will abate, plus the market has run really hard of late and a lot are on the sidelines waiting for a pullback. Explains the lack of support at these levels IMO, although today it seems a bit more steady.

Will wait for a couple of up days in a row before I enter, as you say, no point trying to scalp a cent or two at this level.