So there is/was a lot of people who got in under 20 who may have recently spooked and have decided to take profits in the last couple of days when we didn't manage a breakout north of the triangle that formed...and so have broken low. At least these shares are now going to people who won't sell until we see gains north of here.
I'm a little surprised that instos that bought in at 40¢ aren't providing a bit of support to sp...they're not going to like being under water, even on paper. I haven't checked, but I don't think they're selling. Last broker data suggested Canaccord had started to buy again. I'll get accaeric to post data for last week in chart thread, so we can see who may have been running that bot.
I figure if you're not out by now, you'd be silly taking reduced profits or a loss when you could just wait until Feb for the wheels to start rolling again. Sell in May and go away...maybe this applies to the Christmas period as well. Best to hibernate.
Disclaimer: I'm still holding 95% of my stake and so obviously have a preference for everyone to keep their cool and not sell.
