It is always hard to know where a bottom is when we are going down. However, we pretty much had a dragonfly doji today and if we can close above 90 cents tomorrow, then this was the bottom and I expect a good turn around in SP once the momo traders jump in. From another point of view, the fact that a syndicate of underwriters co-led by GMP Securities LP and Cormark Securities Inc., and including Raymond James Ltd., Macquarie Capital Markets Canada Ltd., TD Securities Inc., Fraser Mackenzie Ltd., NCP Northland Capital Partners Inc. and Union Securities Ltd put their names on this at $1.05 gives the company much credibility.

Look for a close above 90 tomorrow to confirm a new up trend.


Glorieux