green, page-2

It seems to have found some support at 43/43.5. By my calcs 43.5 is the 38.2 % fib retracement of the move up from the 6.5 low to the double top at 66.5/67.

A decent % of shares have been shorted the last two days as well although it is hard to know how many have been covered already.

The insti placement and entitlements were oversubscribed despite the top 2 shareholders not taking up their rights. So there were a number of existing and new investors to take up alot of slack. Only 27.8M shares were taken up in the early retail offer so there is still 443M shares available which the underwriters may have their eyes on. I expect the price will be held under 48 until at least next Fri when the retail offer closes.