held up very well, page-9

For same reasons I gave in my earlier posts. EHL failed key resistance levels at both 32.5 and 22.5. Along with this I stated if the market turned down then it was likely EHL would follow.

The only news people are looking for now is the dividend to be paid, if any. This may cause another drive up for traders on EHL, or it may not. The profit news may already have been factored in and if this was the driver then the SP may not have come back to close this gap (which I said it would and now has).

Technically it seems EHL now has support at 20.5, however the sellers still come. The volume is reducing but sellers are outweighing buyers.

16c was well supported recently and is a quite strong support base. If EHL holds this, and I believe it will, then it will begin the slow climb back. If it fails 16c then who knows where it will stop.

EHL does not have a chart that inspires the confidence that its fundamentals do. However as I said previously, this market is not about fundamentals.

EHL may simply be driven down to buy larger volumes at lower prices by the very people that want to hold long term. That I don't know but it is definately possible and we have seen it in so many stocks before. EHL clearly has some institutional support, let's just see how much support.

So far all that I said would occur has occurred. I am now close to entering at the sp I am willing to pay for a medium to long term hold.

For the record I don't believe EHL will pay much of a dividend. Short term this will be seen as a negative if it happens and the sp will be driven down. Smart thinking people will understand this may be the best thing for the company in the current market and this will ultimately drive the sp back up IMO. Preservation of capital is so important now, more than ever before. A large dividend at this point is maybe not in the best interests of the company and ultimately long term investors of EHL.

Just my Sunday ramblings and thoughts. EHL has been a good one to watch recently. I wish I would have analysed some others like this previously. I would still have bought the stocks, I would just have a load more shares. Which I intend to do with EHL.