starting to look good again

Things looking positive this morning. With 2 weeks to go before the end of Feb then an imminent trading halt.. i think we are starting to see the final rally before the announcement. Would expect it to close around $1.00+ this week...

Here's a post from Dory from another board (think it describes pretty well what we may be witnessing).. thanks Dory:

Dr Dennis Hulme, health and life sciences analyst with BBY, noted Metabolic's sharp drop from $1.02 on January 30 to close at 87.5c today and said that looking back at its share price performance leading up to its bad news trial results in 2004 an almost identical pattern could be seen.

He said: "In 2004, in the six months leading up to the trial result announcement, there was 150 percent run-up with a 27 percent pullback about a month before, followed by a return to its higher levels.

"This time, in the last six months we've seen 170 percent gain, and now, with six weeks to go we've seen a 25 percent, so if history is a guide we can expect it to go up again."

Hulme was emphatic though that he wasn't expecting history to predict the trial result, stressing: "This time it looks highly likely that the result will be positive."