great acquisiting, page-23

I must acknowledge that my attempt at technical analysis posted on 13 September was just plain WRONG.

I would predict (again! Don't take any notice of me) that we will now see a range of $2.00 / $2.50. for some months. This is based on the emergence of even more sellers. I've mentioned this before. A large proportion of shareholders at listing held stock purchased at $1.00 or less. They would be sorely tempted to take some profits at current prices. As soon as $2.50 was approached the sellers really came out of the woodwork, and have continued to emerge as the price has declined away from $2.50.

Why the $2.00 / $2.50 range? $2.00 was the top of the previous range and will act as support for the SP. And as soon as the SP gets back towards $2.50 I would expect more sellers to emerge.

Psych, you may have to wait a while for your $2.80.