why the dumping., page-7

Hi

My view is that the SP raised last week on the expectation that there would be something announced or mentioned at the AGM.

On top of that, someone put a floor on the price on Friday, and I think that a lot of sellers were waiting for them to show their head again yesterday, so they could sell into them - hence the cautious retreat yesterday.

They did not show up, so those keen on selling will sell for what they can, and with limited buyside support - as everyone is either holding onto their current stock holdings and waiting for news or waiting for the SP to retrace lower to buy in - there is nothing compelling to buy for at the moment and potentially some short term traders that would be looking to exit the stock.

As such, the price is softening back to its support level.