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forwood - Thu, 02 Jan 03 :

aioannou - I take a different view. Could be the post interim markdown was well overdone, buying took it back to a bit more than it should have been - but whoever bought it there had good reason - it was no one day wonder. They stopped buying; someone sold it again, viciously, and overdid it (scumbag shorters on the back of a genuine disinvestor?). Now recovering to something like a reasonable level (c 60), pre evidence of market recovery. BTW - its US market in not such a bad way. US manufacturing jumped higher last month than it had for years.

What we really want here is volatility, as a good trading share. Price has just crossed the 21 days moving average; other indicators look OK for a turn; time for a few days of up IMO.


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