Well, we've seen some year-end tax loss selling surface and we saw some new market entrants pick those shares up. The new buyers simply weren't willing to start to chase the shares upwards, while there was still some volume coming out on the way down.
We found ourselves drop right down into the $1.30's before the selling dried up and we have seen the subsequent rebound once that did happen, closing the week back up at $1.65 and with some signs of buying pressure starting to build.
It looks like we may see a bit of arebound to finish the year and there is plenty to pay attention to when we get back top business in the New Year.
Have a very Merry Christmas everyone!!
By the way - for those who wish to be politically correct or who find themselves put off by the thought that they may be wished a Merry Christmas, because you "CHOOSE" to pay more attention to the religious connotation than to the well wishes, think about it this way; December 25th is Christmas Day, it may also have other labels so Merry "other labels" too - just have a good December 25th, no matter what you wish to call it, and realize that it is a greeting extending good wishes to all - it's that simple!
Salut,
Leigh McBain