The flow in the stock is very big, which is also propping it up.

Telecoms are gaining flow -- they are cheap, have good fundamentals and are liquid.

The market has spent the day nervously awaiting the Argentine auction. There had been different opinions, so when it happened and results were in line or better than expected, stocks jumped up.

Propping Up of Racist Propaganda

It makes sense. It's an orderly way of increasing the flow and reducing the volatility in the stock.

The competitive threat has been a big overhang on the stock and I would say about half that has been lifted.