what to make of it...

Bounce due...

But when?

I suspect today might be the last chance to top up at these levels, but then again, we might still get lucky and pick some up for even less.

I guess the benefit of a long term view, is that periods of weakness, such as the one we are currently experiencing, are seen as oportunities to buy rather than reasons to sell.

Given the current buyers boycott, the shares are holding up remarkably well...in fact, if it was any other small-cap oiler, I'm sure it would have suffered from the typical post-spike sell-off by now, especially given the volumes that have previously traded!

But it hasn't...why is that?

Anyway, relatively light volumes last few days, with very few following it down, so downside risk would appear minimal at these levels...therefore, I suspect we are close to the reversal.

When the bounce comes, I suspect it might be quick, meaning there will probably be very few seats available when when the train leaves...so sometimes it pays to get your tickets early!

Cheers!