SDL - Sundance Resources

[Miner]

I "hope" you are right about the open but I'd be surprised if it goes up much higher than that and I wouldnt be surprised if it dropped during the day. That would be about 15% in two days which is a pretty big rise without any drops. Even at .45 it's still an OK buy compared to two months ago.

Good luck.

Dear Nikki and Tronic 72

Could you please throw some light considering in Christmas Day all get light of wisdom : what made you think that SDL will go up by 15% on Monday ?
I think the whole SDL was trying to take ladder through GBG and as I have posted before some one was cooking with low kilo joule gas to ignite stock fire. There were some smoke but now it was a false smoke with no heat. It has now left the meat uncooked, rotten and smelly. Unfortunately like many of us I also bought at 39.5 cents of thsi raw meat thinking it was fresh venison which appears to be CAT food.

Regards

 

[tronic72]

Dear Nikki and Tronic 72

Could you please throw some light considering in Christmas Day all get light of wisdom : what made you think that SDL will go up by 15% on Monday ?
I think the whole SDL was trying to take ladder through GBG and as I have posted before some one was cooking with low kilo joule gas to ignite stock fire. There were some smoke but now it was a false smoke with no heat. It has now left the meat uncooked, rotten and smelly. Unfortunately like many of us I also bought at 39.5 cents of thsi raw meat thinking it was fresh venison which appears to be CAT food.

Regards

I think you misunderstood me Miner.

I meant that if it goes up to .45 on Monday, the stock would have gone up about 15% since Friday morning (7.5 on Friday and 7.5 on Monday), which as you know is a pretty steep rise. I'm happy to cut and run if it does. Considering the large purchase at the close on Friday it's reasonable to assume that there will be a lot of interest in the stock on Monday.

PS Your "meat" example is the worst analolgy I've ever heard used lol.

 

[nikki]

what on earth are you talking about miner?

SDL closed @ .4 on thursday so a close of .43 on friday gave it a 7.5% rise. The surge in interest in SDL without any news, etc. was most interesting. 1.7 million shares @ .43 were not hit on friday and are still sitting there.

So, an open of .45 is possible today?

I agree re anything about .6 was due to merger news - with so many shares on issues i would be surprised if it went higher on a technical bounce.

 

[tronic72]

what on earth are you talking about miner?

SDL closed @ .4 on thursday so a close of .43 on friday gave it a 7.5% rise. The surge in interest in SDL without any news, etc. was most interesting. 1.7 million shares @ .43 were not hit on friday and are still sitting there.

So, an open of .45 is possible today?

I agree re anything about .6 was due to merger news - with so many shares on issues i would be surprised if it went higher on a technical bounce.

Thanks Nikki. I re-read my post half a dozen times and it made sense to me. 7.5 (day one) + 7.5 (day two) = 15%!!!

I think miner thought I meant 15% in one day.

 

[Miner]

Hi SDL Pundits, Nikki and Tronic 72

What do you think happening at SDL. There is an abnormal dive in the share price ?
Could some one please post their analysis ? I was so happy to recommend my young son for this share to put his investment. Seeing the downtrend now it has crossed the bottom level unless sinks further.

Regards

 

[tronic72]

Hi SDL Pundits, Nikki and Tronic 72

What do you think happening at SDL. There is an abnormal dive in the share price ?
Could some one please post their analysis ? I was so happy to recommend my young son for this share to put his investment. Seeing the downtrend now it has crossed the bottom level unless sinks further.

Regards

Hi Miner,

The market is VERY jumpy at the moment. It only needs a sniff of something for the big boys to jump off.

I can't see the reason for todays slide so I assume it may be some sort of fundamental reason. etrade don't have any new news. Maybe someone inside knows something.

From what I can see the dive happened after the close. This may be something as simple as an institution that was going to sell today no matter what.

For what it's worth. If i had to predict, given the lack of fundamental evidence, I'd say the share price will bounce back tomorrow at least half as much as today's drop. I'll be having it in my watch list as a stock to purchase.

Thanks for the heads up, I hadn't noticed the drop as it happened after the close.

T

 

[winsol]

I was watching this closely as I had a big buy in at 36.5

at 4.03 someone put a sell of 1,300,000 shares at 36.5 and then took it out almost as quickly - presumably to see what impact their order would have.

I then watched even closer. at 4.09 they put it in again - I was a coward and took my buy out (I had the cancel all ready to go in case they came in). With time to reflect I think I was wrong. I agree, it will bounce back at least half tomorrow.

 

[nikki]

Hi all,

I cannot see how the drop is linked to the fundamentals of SDL - we are no smarter about anything (maybe that is the problem)!

GBG also dropped to $1 (0.99). Like SDL it has not released any news for a long time and is now 1/2 the value from its high. I am still suspicious about the way their SP are still moving in close correlation to each other. Maybe just a coincidence.

the significant drop at the close yesterday was because of the 1.3 million share placement @ the closing auction. otherwise, the stock would have closed @ 0.38/.385 which would have been the next support point from 0.365. this seller appeared at the opening auction as well and so i suspect they were shorting the market and were spooking it to get the best result.

personally, i would look for a few things re short term SP movement: if SP closes above or @ .365 it might be safe to call a potential upward move back to low .4's where its home is for the short term. this is most likely if DJIA does not break 12750-12800 and XJO does not break 6100 support levels. If the indexes break support we might see a true retracement back to .295 where SDL hit during the August 2007 correction .

the problem is, without any expectation of news until the end of January (quarterly report) and March (possible resource estimate if drilling has gone ok) many will sit back and look for absolute bargains in SP to invest in SDL or get some short term gains trading it.

 

[tronic72]

After yet another decline on Wall St I think the stock may not even get back half of the yesterdays lost. When I posted that I thought it would regain at least half of yesterdays loss, the Dow was .5% up. I've just woke up and the Dow is 1.45% DOWN & NASDAQ is 1.65% down.

Will be putting in sells ASAP this morning as I don't think the decline is over.

For the record I don't think this is an indication of stocks such as SDL, rather an indication of the Markets nervousness.

Gold and Energy seems the only sure bet at the moment.

 

[tronic72]

Just bought at .355 This is nearly a third of the recent GS 12 month price. I think this is real value for money

 

[Miner]

Just bought at .355 This is nearly a third of the recent GS 12 month price. I think this is real value for money

mama mia and thanks for your quick response.
I however did not see any technical chart this time from any one on SDL and suggest that we are all like 6 blind persons and the elephant trying to describe an elephant.
I was wondering Tronic72 that in between three hours you said SELL and then bought the share at a low price.
I would rather watch and see how is DJ sliding .
Thanks for your input.

Regards

 

[nikki]

mama mia and thanks for your quick response.
I however did not see any technical chart this time from any one on SDL and suggest that we are all like 6 blind persons and the elephant trying to describe an elephant.
I was wondering Tronic72 that in between three hours you said SELL and then bought the share at a low price.
I would rather watch and see how is DJ sliding .
Thanks for your input.

Regards

good call tronic72. i am trying to set up my etrade account to CFD SDL b/c i do not have access to any more cash. i would have bought at the open today if i had some money. SDL's opening drops on panic mornings like today are usually significant. if it does not manage a close @ or above .365 i would personally look for further retracement because it might be using the close of yesterday as resistance. i doubt that will be a problem with the way it is going today.

miner, i am using charts, etc. but am not particularly good posting them. its RSI yesterday was one of the lowest for SDL. also, it will need to break .38/.385 resistance for an upward move to .4. however, all this is meaningless if your time frame is 1 year.

cheers to all,

 

[tronic72]

mama mia and thanks for your quick response.
I however did not see any technical chart this time from any one on SDL and suggest that we are all like 6 blind persons and the elephant trying to describe an elephant.
I was wondering Tronic72 that in between three hours you said SELL and then bought the share at a low price.
I would rather watch and see how is DJ sliding .
Thanks for your input.

Regards

The stock dropped nearly 10% yesterday morning then dropped a further 4% (I think from memory) That's 15% in 24 hours!! I got in at .355 which means if the stock rebounds to the price it was 24 hours ago I'll make a 14% profit in 48 hours. Even half that will be fine. I'll already up as the price is now at .365

Time will tell.

 

[Miner]

I was watching this closely as I had a big buy in at 36.5

at 4.03 someone put a sell of 1,300,000 shares at 36.5 and then took it out almost as quickly - presumably to see what impact their order would have.

I then watched even closer. at 4.09 they put it in again - I was a coward and took my buy out (I had the cancel all ready to go in case they came in). With time to reflect I think I was wrong. I agree, it will bounce back at least half tomorrow.

Yes, some one has been artificially jacking up. I have noticed there is always a very high volume (One million and above) buy order at significant lower level. It is probably a trick played by any of the favourable broker. Once the price approaches the lower value the big order vanishes. It is an artificial support level and for last few months I have noticed but expressing myself on this particular observation first time seeing your post.

Regards

 

[sundancekid]

Please excuse my lack of knoweldege as I am new to shares and this is my first post.

Can someone please help explain how this stock was recently at $0.60 and now its at or below $0.30 without any significant announcements by the company? Unfortuantely I have all my eggs in this basket banghead and I know I should not have done this but does anyone feel this will go back to around $0.50 within the next 6 months?

I would really appreciate any further information on this stock and about metal resource stocks in general.

Thanks

 

[stormbringer]

I've been watching SDL for a while now, first spotted it at .07 and was very interested in it. Didn't get on though due to lack of funds and thought I’d missed the boat, but after seeing the sp decline over the last couple of weeks I'm thinking I've been given a second chance. I'm very surprised by the amount it has dropped though, as are all who are holding I guess, and with the initial resource estimate not due for several weeks, there maybe more downside to come. Still, it's potential is huge and worthy of a small investment, and if the slide continues, I'll probably buy in a little more. It would be nice to hold until they have completed the entire 500-600 drilling programme.
Sorry guy's, no real news for you in my post, just showing my support for the project, GL all

 

[tronic72]

Please excuse my lack of knoweldege as I am new to shares and this is my first post.

Can someone please help explain how this stock was recently at $0.60 and now its at or below $0.30 without any significant announcements by the company? Unfortuantely I have all my eggs in this basket banghead and I know I should not have done this but does anyone feel this will go back to around $0.50 within the next 6 months?

I would really appreciate any further information on this stock and about metal resource stocks in general.

Thanks

Hi Kid,

I've gotta say I think it's a crazy move to put all your eggs into a stock like Sundance. It's REALLY important you understand the SDL is a HIGH RISK - SPECULATIVE stock. The company won't product a single grain of iron ore for years.

It's because the stock IS high Risk and IS speculative that it tends to have higher highs and lower lows. The market has been very shaky since November last year and Investors have been expecting a correction or even a dive so when things happen they happen in a big way. Investors take the view "better the devil you know" so they tend to lean towards more secure stocks like energy and gold.

That said, I've purchased SDL at 39.5 today so I'm wrapped. My advice is to sell part of your holding in SDL and diversify more. That may not be an option if you purchased near the recent highs in which case all you can do is wait it out.

I still believe in SDL. Hope this helps.

 

[sundancekid]

Thanks for the reply, since the amount I invested wasn't that much (compared to most investors) and in order to get any real return I did take the risk with Sundance knowing with some knowledge of being a speculative stock. If the stock goes back up to around $0.42~$0.50 I will sell otherwise I think i'm in for a long time and not a good time . Hopefully we're not talking years?????

Tronic72,,hopefully you purchased at $0.295 and not $0.395!

 

[stormbringer]

Hi Kid,

I've gotta say I think it's a crazy move to put all your eggs into a stock like Sundance. It's REALLY important you understand the SDL is a HIGH RISK - SPECULATIVE stock. The company won't product a single grain of iron ore for years.

It's because the stock IS high Risk and IS speculative that it tends to have higher highs and lower lows. The market has been very shaky since November last year and Investors have been expecting a correction or even a dive so when things happen they happen in a big way. Investors take the view "better the devil you know" so they tend to lean towards more secure stocks like energy and gold.

That said, I've purchased SDL at 39.5 today so I'm wrapped. My advice is to sell part of your holding in SDL and diversify more. That may not be an option if you purchased near the recent highs in which case all you can do is wait it out.

I still believe in SDL. Hope this helps.

I agree with you m8. At the same time I can understand why some people would plough their couple of grand into 1 particular stock, given that spreading it out appears to be a fruitless task, but for this to work you need to be 110% confident in your stock selection, and as my earlier post suggests, SDL in my humble opinion is a great stock to be holding over the next 12-18months. I'd even suggest taking a second bight at the cherry if your funds allow you, giving you a better dollar average, but dyor before hand. After absorbing the many different views on the subject, the first half of 08 look like being very volatile, but towards the end of the year, we may see a turn around, just my opinion, no real tech analysis to support this view. But in saying that, be prepared for a rocky ride through 08 in general, and maybe change your time frame allowing the sp to recover as we approach 09. GL to all investors, regardless of the stocks your holding

 

[spottygoose]

It shouldn't be years as you should know one way or the other which way the SP is heading within weeks. The market will be updated soon at least via the quarterly.

As to the current SP as far as we know nothing has changed except global market sentiment. People need cash and SDL has been making slow progress and is a high risk stock. However, there may be reasons aside from this for the decline in SP ie things the general market may not know and somone else does eg delays in drilling, problems dealing with Cameroon Gov.

One would think that if the above was the case we would have had some sort of announcement so therefore my money is lying with the fact the general market is dodgy and that SDL is a spec stock and is slow at delivering updates.

So bascially in the words of Manuel "we know nothing" so my suggestion Sundance Kid is to either wait for the next update, try ringing the company or make your own decision now as to whether you think someone knows something negative or alternatively the co is being punished for being slow to progress and a more risky stock in a volatile market.

Personally, I am holding and waiting for the next update and if all is good there we should see the SP head back over 50c quick smart, that 50c being the price many brokers have issued their buy recommendations at.

Good luck hope it works out for us all.