worth having a look at., page-114

hollywood i think we are looking at this from 2 completely different perspectives.

in the context of what i consider to be a top heavy market environment, i am not looking for something with fundamental merits to hang my hat on for a few years.

i am just looking for liquid companies with a story that can capture the imagination. a well managed crap project beats a poorly managed good project any day, and as i mentioned before, the decision alone by the current board to distance themselves from cygnet capital is enough to keep me interested.

anyway, back to the only thing i trust in the current market climate, the technicals...

though we could have a flag break today, the shortsighted stacking of the sell right when momentum was building smelt a bit of T+3, and changed all the rules.

with that in mind, a cup style formation is now looking like the best outcome from here, with a volume drop and pullback to maybe 2.1 as the sellstack loses resolve and comes to market price.

support there would set up a move to about 2.7ish, creating an uptrend.

failing that, it will prbably be back to 1.9

see how it goes