Hi Eagle Eye - if you are new in the game, ease your way in and don't risk too much initially until you feel comfortable and have come up with a strategy. Telkom is not a share I follow and avoid generally - my two cents: a parastatal which has the distinct advantage of an in place fixed line infrastructure - but service is shocking, management incompetent and I feel Neotel will consistently eat into their Market Share. Technically the chart looks bad - in a neat down trend and until this resistance is broken don't bank on upside. Not something I would want to own. Good luck. In future I will reply to the odd mail here but will rather use my blog to get to a wider audience.