SDL - Sundance Resources

[tronic72]

I can find many 'guys on the net' that have a better record than brokers.

Im not saying this is a bad stock, im just trying to add some realism. You should know that from your name

I dont know if a drilling result will cause a revaluation, i guess it depends on how many holes, and if it is accompanied with a JORC release. One also has to take into account how much the stock has risen in the past year, as this might make some people wary. But it sure would have been a nice return if you held from a year ago

Hmmm What about those hundreds of Brokers who recommended BOL???

IMHO many broker recommended shares are over bought.

My 2c

 

[J.C.]

Hmmm thanks for the advice! Currently at a 16.8% loss on SDL, bought in at 0.49 last week after reading this thread... doh!

I suppose its always going to be a hard thing, to sell the first stock that I've made a loss on but it happens to everyone at some point right? I'm tempted to keep my fingers crossed for those drilling results but arrrrrghhhh so many decisions!!

 

[daggs]

I am still holding after my sell order at .47 failed.(long story).
Testing 40c support now so may well bounce if the market turns around.
I am holding now till end of Jan to check out the quarterly report.
Given the amount of investment from major players above this level I think there,s a good chance 40c support will hold.
Just my

 

[J.C.]

Hmmm thanks for the insight... so many things to think about Daggs I hope you're right, fingers crossed!

 

[tronic72]

I'd sell. Especially if it's your first loss. Didn't you have your stops in?

I bought at .495 so similar losses. Keep in mind the speculative stocks like SDL tend to have higher highs a lower lows so it's really badly effected by this Market Downturn. I'll wait to see what wall street does. If it has a good day I might just buy back in tomorrow (or the day after).

 

[J.C.]

No stops unfortunately... only been doing this for 2 weeks and sort of just dove in headfirst a bit hastily... Anyway thanks heaps for your advice, will make a decision shortly... Good luck with buying back in, hopefully you'll pick the right moment and they will go up and help both of us out

 

[nikki]

hey J.C.

a few things to think about:

specs move up and down in much higher percentages than your average blue chip. 5% down today can turn into 20% up tommorrow. a blue chip (unless you are into CNP or ABS today) move in maximum 2-4% before buyers come in.

when specs hammer the turn around in sentiment is really good.

the question to ask is what price would you be buying in at. why sell at a price that others are using to enter the stock.

the RIS on SDL is getting closer to its lowest ever - meaning, the market is getting oversold signals. a lot of traders do not enter until this happens.

look at the buying support @ 0.42 and below. it looks strong.

selling at a loss is ok if you know you are going to make something with your money in the short term - tax deduction on losses means your loss is less than it might appear.

today will be one of the worst day for the XJO and XAO!! it is easy to be very scared when the index crashes like this.

SDL has very strong support below 0.4. a lot of stops will trigger if it hits .4 but a lot of buy orders will come out as well.

i bought in @ 0.58 so i am sitting at a bigger loss than you!!! not sure that this helps???

i say, sell and buy CNP and lose another 10% lol lol lol

 

[J.C.]

Thanks Nikki, that really helps... I was plannign on holding just a little bit longer anyway just in case... And I think you just solidified my point of view. Tahnks and good luck to both of us on SDL

 

[spottygoose]

Good news. Announcement out - SDL to be included in the ASX 200. Very timely and hopefully will soften the blow of today and perhaps be the impetus for a bounce. Note this is the ASX 200 not the All Australian which was the basis for the recent inclusion announcement. This is much better.

 

[waterford]

Intersting reading some of the thoughts being aired here about SDL.

Ken Talbots involement with Nutall has nothing to do with SDL, it goes back some time, a couple of years I suspect. I am a bit of a fan of Talbot, he founded MCC, still retains 30% of the company, MCC. He has made some large investments in Australian Companies looking to the future, many articles in Newspapers have featured his vision for these Companies & it makes interesting reading, some of his stakes are in MCC,GMX, SDL,SAU,ZNC,KAR,INP,MTM, SDM, QOL & possibly more. Talbot Holdings has around 20% of SDL's issued script, I think the bulk of it (script) was amassed this year, if you think any of you have a problem losing money on paper, get this,every 1cent fall on my calculations would be a loss of approx $3,600,000 to Talbot Holdings, I suspect he is still hanging in there & possibly buying.

Ralph Sarich is another large investor in SDL, these quality investors don't make decisions lightly, they are confident their investment will bring home a hansome profit in the long term, I share this confidence in SDL, I might be wrong & time will tell, but for now I am staying with SDL

Cheers

 

[J.C.]

Well I just sold at 0.40... will buy back in once the price bottoms out, which for me is hopefully not yet

 

[prawn_86]

waterford,

what evidence do you have that talbot is currently buying?

If none, then please do not post claims that can be supported.

 

[waterford]

Hi Prawn

Did not say he (Talbot) was buying, mentioned "possibly buying" by that I meant with the price low he(Talbot) might consider SDL a good buy at .40c

 

[daggs]

I agree totally with nikki's post.
If I wasn,t allready holding I would look at the chart now and buy with a stop loss around .37c
I balls up my trade by not respecting my initial stop at .47, but why make it worse by selling at what could very well be the low.

 

[prawn_86]

Hi Prawn

Did not say he (Talbot) was buying, mentioned "possibly buying" by that I meant with the price low he(Talbot) might consider SDL a good buy at .40c

Lots of people "might consider" this, or any, stock a good buy. There was no need to mention Talbots name in relation to buying more, as he clearly has not done so, and i am assuming you do not know him personally, so do not know what (if anything) he is considering buying.

 

[waterford]

You must be having one of those days.

The point I was making, in case you failed to get it, was SDL has some good investors, ie Talbot Holdings & Sarich, they show confidence SDL has a future. I have no idea who is buying or selling, stop being so pedantic on the semantic, go re read your own post, you might see where I am coming from.

You have no idea who know or don't know, so don't make assumptions.

Have a good day, Prawn

 

[Risky Trader]

Lots of people "might consider" this, or any, stock a good buy. There was no need to mention Talbots name in relation to buying more, as he clearly has not done so, and i am assuming you do not know him personally, so do not know what (if anything) he is considering buying.

Prawn.. this a forum for suggestive or personal opinion...

Talk about been touchy...

Dude.. chill a little. give the fella some break

the fella mearly saying... Talbot might be buying...in his personal OPINION..
Forum meant for discussion...

If I say Africa might be verge of world war 3.. should I be shot?

...
Opinion mearly mean opinion

 

[daggs]

Well I just sold at 0.40... will buy back in once the price bottoms out, which for me is hopefully not yet

Selling right on support levels can lead to a lot of missed oppotunities. I always set my stop loss just below these levels to give the SP a chance to test then respect/reject the support.

 

[prawn_86]

Risky,

Waterford is a new user and may not know the forum rules. By insinuating that Talbot may be buying (without any evidence) is ramping.

Otherwise I could go through all the stock i own and say that the main investors may be buying. They might be, but they might not be, so its a useless (ramping) comment

So as not to take this further of track, if there is any problem please PM me...

 

[Real1ty]

You must be having one of those days.

The point I was making, in case you failed to get it, was SDL has some good investors, ie Talbot Holdings & Sarich, they show confidence SDL has a future. I have no idea who is buying or selling, stop being so pedantic on the semantic, go re read your own post, you might see where I am coming from.

You have no idea who know or don't know, so don't make assumptions.

Have a good day, Prawn

I am with prawn on this one.

You say don't make assumptions, yet you assume that Talbot may possibly be buying?

You obviously are assuming as you state you don't know who is or isn't buying.

Your assumption can cause a lot more harm than prawns.

There are a lot of inexperienced investors on here that can be influenced by your statements.

IF your intention was to declare the holdings of Talbot, then that's all you needed to do NOT to assume that he may or not be buying more?

I would also think as a new poster you would take the advice of the mod and learn from it rather than being smart about it.

I back prawns judgment on this one and while i can't see what was edited my guess is it was a warranted edit