2006 - Taurus Track

1BW - the BD is dead. Of that, I think we can all be assured. insofar as a drop to 15p is concerned, well it is possible but increasingly unlikely UNLESS the financial target predicted by RJ becomes unattainable (and we won't have much information before May to make any assumptions). From a TA perspective, there are support prices at 40p and again at each psychological 10 and 5 point drop thereafter.

The sp is still below the 200 day MA which is not a good sign, so discounting a drop to 15p is folly, it could happen. Much more likely is that the sp becomes range bound with 40p as the base price and a descending wedge on the upside based on the 3 yr chart that indicates 57p as being the resistance mark.

Happy New Year