a quantum leap

Well I'm no day trader, or chartist, but I'm surprised that no-one has posted any opinions about today's activity. From a long-term holder's point of view, I was very pleased that AEZ today entered the realm of half-cent trading and managed to hang in there all day. No more 0.1 cent increments once you hit the 10 cent barrier. But that didn't seem to faze buyers, and the share price hovered b/w 10 and 10.5 cents all day, finishing on the high.

The movement of the past few weeks seems to have been at once technical, speculative and perhaps partly related to general economic sentiment. It will be fascinating to see how the market reacts when there is actually a substantial announcement, as there surely must be before too long. After all, what will be the actual upshot of the covenant breaches, for example? Will we suffer dilution finally as holders are tapped for an injection of funds?

The reality could be disappointing - we might find that we have got ahead of ourselves, but I think it will be a great reality check. To see all this movement in the midst of a drought of real information is both exciting and disturbing.

What an interesting few weeks its been!