Everything you suggest is sound. However I have seen the same situation last January and the one previous to that. By Easter SEY's sp has run out of steam on both occasions. Thats what I am banking on to win my bet with Meerzaf. I am hoping that from Easter onwards we may have a change of luck this year with the SEY sp. Your indicators are correct it is the MM's actions that confuse me. The constant shorting of the stock to restrain the upward sp movement. Even the brokers note this a.m. values SEY higher than the market. Everything points to a company that warrants a sp price greater than 18p