Our share price, aside from dumping by GMP, is holding roughly at the $1.20 area where the 1000 day ascending average resides very nearby at $1.21. In the past weight has been given to this important average as support when prices come into contact with it following periods of weakness. The $0.90 plus area was discussed back in the July-August period of last year being an area of suspected support from this moving average where it did have meaningful support.

Now that the shares have been in decline since the recent highs of $2.30 we are, again, back at the ascending 1000 day average at $1.21 or abouts where some support has already been noted. It is felt that with all the share dumping by GMP and this basic level still holding up, it may be an indication of this area continuing to be a level of continued demand. But then again, we don't have control of things, so all we can do is hope the moving average holds up providing a blast off station for the shares to move up and against the general trend of the CDNX which really sucks now.

Watching and waiting