Will NICORP bounce back?

Finally NICORP down yesterday after two weeks of excitement, the price closed at 56 sen, down 11 sen. The volume traded was the second highest of the today.

For last four trading days, investors saw the share price 'jumped' from low of 6.5 sen to highest of 75 sen and closed at 67 sen on last Thursday before suspended pending announcement a day later.

There are several reasons why it was down yesterday:-

- T+4

- Profit-taking

- Uncertainty over NICORP future after latest announcement on last Friday.

Surely, this is just a pull-back from recent run-up and it was very unlikely the share will drop back to January's level of 6.5 sen.

Will there bounce back or continue to fall...........