SDL - Sundance Resources

[pavilion103]

Had no idea about the recent comments but I have bought some in the last day around 8 cents based on chart analysis.

Interesting to see what happens from here.

 

[Garpal Gumnut]

Had no idea about the recent comments but I have bought some in the last day around 8 cents based on chart analysis.

Interesting to see what happens from here.

Good one.

I doubt you will regret it.

gg

 

[pavilion103]

10.5 this morning. Looks like it's moving!

 

[Lootius]

It was sitting at 10.2 cents then someone called into a Sky Business show asking about the stock. They gave a no-buy due to its non-producing speculative nature and it proceeded to drop. You can see from the charting where that happened. This is a long term buy so it scared off the naïve.

I hold SDL.

 

[RP_Automotive]

It was sitting at 10.2 cents then someone called into a Sky Business show asking about the stock. They gave a no-buy due to its non-producing speculative nature and it proceeded to drop. You can see from the charting where that happened. This is a long term buy so it scared off the naïve.

I hold SDL.

Damn those mum and dad, blue chip investors. The slightest hint of risk and they all go running!! haha.

I thought it may have been the speeding ticket mixed with some big houses pushing it back down. Massive volume though, so we'll see how it goes over the next few months.

 

[pavilion103]

Thought there would be a bit more activity in this thread!

Up to 12.5c today for the first time in a while. Happy with my 8.2c buy last week.

Very interested to see how this plays out in the coming weeks!

 

[hangseng]

Thought there would be a bit more activity in this thread!

Up to 12.5c today for the first time in a while. Happy with my 8.2c buy last week.

Very interested to see how this plays out in the coming weeks!

Well done pavilion, I wish I to did the same last week but decided to jump in today with a small parcel at 0.12 regardless. With what seems to be coming based on company information regarding Mbalam development (finally) and the Chairman's recent comments regarding a re-rating (no surprise an ASX please explain came in last week) that large gap up to .21 may disappear very quickly, so happy with an entry today.

My first buy was around Feb 2006 at ~6c from memory when Jones came on board and sold far too early, and what a roller coaster since then. A retrace to test for support again wouldn't surprise but let's see how this one goes.

Rising on volume and strong close at .13 so feeling quietly confident.

 

[Country Lad]

Thought there would be a bit more activity in this thread!

Nah, happy just to watch it. All the commentary would say is that it is going up. It was a nice reasonably consistent rise.

Up to 12.5c today for the first time in a while. Happy with my 8.2c buy last week.

That's a lot better than my 9.7.

Rising on volume and strong close at .13 so feeling quietly confident.

Yes, the finishing flurry was interesting. Nearly 24% of the day's trades occured in the last 10 minutes and the matchout.

Cheers
Country Lad

 

[PinguPingu]

That's a lot better than my 9.7.

Still better than my 11.0c....bloody IG markets dodgy crap...

 

[LRG]

IMO a significant re-rate is not far off now.

After years of disappointment SDL is about to turn the corner.

Recent run up on huge volumes from 7s to 12s

Media releases about tender process coming to an end soon. GJ confident of a re-rate.

 

[Garpal Gumnut]

re SDL

May I quote Jesse Livermore

In a narrow market, when prices are not getting anywhere to speak of but move within a narrow range, there is no sense in trying to anticipate what the next big movement is going to be. The thing to do is to watch the market, read the tape to determine the limits of the get nowhere prices, and make up your mind that you will not take an interest until the prices breaks through the limit in either direction.

Those who jumped on when SDL broke above 0.08 took that advice. I am a tad wary of the disappointing volume on Friday with a close far away from the high of the day, at the low in fact, at the close of the prior day.

Perhaps a new trading range is developing.

Nonetheless an entry now should not be made "on anticipation", in my opinion.

gg

 

[pavilion103]

Agree 100%
Got in at 8.2c which was the right time.
Can see a trading range being established now

 

[Country Lad]

Sold mine Friday morning.

Cheers
Country Lad

 

[tech/a]

Sold mine Friday morning.

Cheers
Country Lad

Why?

 

[Country Lad]

A few reasons:-

• it was intended only as a short term trade,
• 12.5 cents looks pretty good for a while,
• I was away from the computer during trading most of Friday
• and the next 2 days
• after which we head off to the Murgon Music Muster.

Trading is a hobby and other priorities crop up now & then, fishing, climbing a small mountain or 2, camping out remotely, festivals, bush walking. bird watching.....so, most spekkies are not to be held on to every now & then.

 

[tech/a]

Ok
More personal than technical reasons.
Enjoy your trip!

 

[pavilion103]

Contemplating adding a small position at 13c with a tight stop at 11c.

Would only be a small portion of my already decent profits at risk.

hmmmm

 

[Garpal Gumnut]

It would be interesting to see a Steidlemeyer on the last week or so's action.

gg

 

[piggybank]

Contemplating adding a small position at 13c with a tight stop at 11c.

Would only be a small portion of my already decent profits at risk.

hmmmm

Hi Pavilion,

Did you go ahead with your contemplation?

 

[pavilion103]

Hi Pavilion, Did you go ahead with your contemplation?

It didn't hit 13c
I've got a buy-stop at 13c still so will take another position if it hits that.