september, page-26

Think about the market action here. We have 2 mill sell order which go on at about $1.45 each morning with the sole purpose of making it look weak. On Friday afternoon someone lost patience and dumped on the 300k bid at $0.80. It caused an avalanche of panic sells. Over 1 mill shares were sold in the last 20 minutes, but guess what? $0.80 held as equally large buyers soaked them up from off screen.

Then, after 4 pm the 2 mill of sells at $1.45 comes off again.


I've been studying the chart and technicals this afternoon. Yes, it may drop a bit further I accept, but I don't necessarily think it will. I am not going to sell for a potential 5- 8 cent drop and miss what I see as a stronger chance of a move back to $1 plus over next little while as resources sentiment inevitably bounces.


THis sell down is running out of puff.







Cheers