ALB is not looking too chipper of late having fallen from $4 in...

ALB is not looking too chipper of late having fallen from $4 in June to the current $1.70. There are only four buyers showing in the depth, but they are bidding for almost as many shares as the total on offer (66,000 verses 70,320 on the seller's side). But there are 24 sellers spread over the $1.75 to $2.70 range.

I can't see ALB staying down for long. The volume traded to get down to these levels is quite moderate with only 232k traded today and a total of 1.2 million for the week so far. This time last month that volume was traded on a single day (on the 6^th of August, fell to $2.11). Indeed, the SP stabilised after that day and did not fall further until just the last few days - it was at $2.10 on the first (Wednesday last week).

Are we going to see another levelling off or a return to last months mean of around $2.10? I guess we'll find out over the next few days.

Robert