reason for sp rout. boa may soon offload imo, page-4

The SP bounce today had nothing to do with the events around the coal terminal. It was a pure technical reversal as the SP tested the support line of the downtrend and bounced back up, just like several other numerous times beforehand. Expect a solid move back to $1.10 over the next few weeks where the price will test resistance from the downtrend, that has so far held intact since the peak at $3. Long term, there is no clear evidence that the stock has bottomed out but the fundamentals are still strong.