could be in for a good day today...

  1. 15,276 Posts.
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    The thing I find most interesting...

    Is that the usual selling pressure, previously seen with every attempt at a rally, simply isn't there anymore.

    It would appear that the convertible note holders, who in the past have been quick to convert and sell, are holding onto their shares now...so too, it would appear, are the recent recipients of the 12c shares.

    But why?

    My guess is we will still need to see a fair bit of volume go through at current levels before any decent moves, but given recent trading, it could happen quicker than we might think.

    Cheers!
 
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