It was right at the start of August when we finally broke above $3 and from that time til now that $3 area has been acting as support. As August drew to a close the PPS tested that $3 support several times, even breakin just below interday. Then the PPS took off and went over $4 for a time in September, but as September ended we were testing $3 support again with the PPS falling below $3 once interday. October saw $3 as support again, but did not fall below during the month not even interday and the same again for all of November.
I wish the short number had been updated, but regardless it wouldn't have included yesterday's activity....if the number gets updated next week we might get an indication if Monday was a bit of a bear raid.
I have trouble thinking that there's much in the way of tax-loss selling going on, we started the year around $2 and spent much of the summer months trolling down around the $1.20 to $1.30....if anything I'd suspect there's some profit taking going on.
If we test $3 support again and break below I'm planning to add, not a lot but maybe another 500 to 1,000