Support levels around $2.40Those of a trading disposition are clearly hoping for a final plunge below $2.40 during this quarter. Will this happen? I have no idea, whilst I am confident of the share price direction of travel in the medium to long term, subject to satisfactory event outcomes, price movements over the shorter term, particularly the next couple of months are inherently unpredictable. A brief plunge below $2.40 would not alarm me at all so long as the Ithaca growth story remains intact. As others have commented though a major pullback below $2.40 is looking increasingly unlikely now, time to climb on board and stay there, you can try to be so 'sharp' that you end up cutting yourself! In Lefevre's Reminiscences of a Stock Operator, the most useful and important observation of Jesse Livermore (the trader's trader - I do not advocate his general approach) was the comparison of active and long term positional traders when a large and fairly widely anticipated market move unfolded. The active traders made some money as they correctly bought into the market direction, but they only made a small fraction of what was on offer and of course only a small fraction of what was made by the long term positional traders who sat through the major move sometimes for years on end. Today the huge institutional resource allocated to positional trading reduces still further the traders' returns, even if they have anticipated the market direction of travel correctly. A steady if stuttering drift towards the top of the trading range followed by breakout in early to mid summer is the most probable price action now. Doug