The trading analysis for Monday, which I setout below, makes...

The trading analysis for Monday, which I setout below, makes interesting reading

First the number of shares traded for each price level

3.5c ... 1,446,631 - 15 trades
3.6c ... 3,952.005 - 24 trades
3.7c ... 6,758,081 - 44 trades
3.8c ... 10,816,297 - 68 trades
3.9c ... 14,481,037 - 112 trades
4.0c ... 5,786,307 - 48 trades
4.1c ... 1,514,511 - 22 trades

Now the trades by each hour:

10:00 - 7,609,506
11:00 - 9,760,282
12:00 - 15,763,504
13:00 - 2,275,415
14:00 - 4,895,867
15:00 - 3,960,295
16:00 - 490,000 (match up at close)

BPO started to come back from about 14:30 on volume of about 6mn shares....in other words it took about 35mn shares being bought to push it up to 4.1 and about 6mn sold to bring it back. The sell off looked worse than it was and it was not supported by large volume.

Plenty of 1mn and 2mn bids went through on the buy side and it started coming back mainly due to a 2mn and a 1mn sale in quick succession.

40mn+ shares traded.....last week we saw 10mn a day...in other words yesterday we got 3 days trading volume in a few hours....80% of it on the way up.

Read into that what you will but in imo yesterday was a net buying day by a large margin which will have cleared a lot of sellers out of the way for the next attack on 4+

EB