Seems the trading pattern I identified a couple of weeks back is in place.
On a weak market day BBG trades around flat to close very close to flat. On an up day it surges 6-7% to close just off it's peak of the day.
This is very positive and indicates that the SP has found a bottom and buyers will continue to chase higher in weeks to come. Any decent news from EU and US over the next few days could see world markets rally and BBG back through $4.00
IMHO anything less than $5.00 is cheap on a medium term basis
BBG Price at posting:
$2.83 Sentiment: Buy Disclosure: Held