SDL - Sundance Resources
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I won't buy this share again.
What happened over the past few days is simply unbelievable and I'll be very surprised if the ASX don't issue two "please explains" to SDL for the recent share price movement.
This is not the first time this share has been "messed with". Yet another example of the Fat Pigs getting fatter through Market manipulation.
What happened over the past few days is simply unbelievable and I'll be very surprised if the ASX don't issue two "please explains" to SDL for the recent share price movement.
This is not the first time this share has been "messed with". Yet another example of the Fat Pigs getting fatter through Market manipulation.
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There is support for this one. I was hoping it would go lower to buy more and get my average price down from 45 cents.
Oh well no luck. Suspect it is back on the up unless bad news comes.
You should be glad I bought some at 53 and 43, i think my average is around 52!!!!!!!!!!
but as soon a it goes back into the 40's (fingers crossed)..I'm gone and shall not trade this stock again.Didn't someone recently rate this stock a buy before it started sliding down to $0.26
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There was a report in October that put a valuation on it at $1.00!!! Be interesting to see what the annual report shows
Sean K
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Check what it did in mid Nov before jumping to any conclusions.There is support for this one. I was hoping it would go lower to buy more and get my average price down from 45 cents.
Oh well no luck. Suspect it is back on the up unless bad news comes.
Unfortunate for you guys who have held on though this. If you sell at a loss, take the positive that it's a tax loss learning experience. Good luck in whatever you do.
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The report is probably in SDL website unless withdrawn. I wrote an open letter to the broker to come out with his facts. He did not have iron bxxls to even respond. It is no surprise that speculative explorers always 'commission' brokers to write good reports about them. Some good brokers do declare that they were commissioned some do not.
Only solace we could have seeing today's market and considering those who were recommended for CNP at $8 only a couple of months back.
Regards
I'm not going to buy any more, but there are some smart people and big money behind this. they don't like losing so i will hold for the long term. in 2012 if you still have them i suspect you will do pretty well or; you could have lost all your cash too i suppose????:
:I won't buy this share again.
What happened over the past few days is simply unbelievable and I'll be very surprised if the ASX don't issue two "please explains" to SDL for the recent share price movement.
This is not the first time this share has been "messed with". Yet another example of the Fat Pigs getting fatter through Market manipulation.
Evening Tronic
Wondering what your reasoning behind your comments re the sp manipulation of SDL was? Not saying you're wrong, but would be interested to hear your logic. Particularly heavy trading volumes Jan 15-16th I see.
Cheers jman
Disclaimer: DNH
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I have noticed there is always a supporting level of more than million shares of SDL at few cents below the asking buy price in Commsec. Strangely those buy volume always disappear just before the selling price approaches the buying price.
I have attached as it appears in COmmsec. I will be surprised to see the rice is holding as per buy order. It is not one day's picture many days you would notice the same story.
Of course I am not raising any doubt but making an observation. Like many I do like to see my investment in sDl to become black from red
Cheers
I have attached as it appears in COmmsec. I will be surprised to see the rice is holding as per buy order. It is not one day's picture many days you would notice the same story.
Of course I am not raising any doubt but making an observation. Like many I do like to see my investment in sDl to become black from red
Cheers
I have noticed there is always a supporting level of more than million shares of SDL at few cents below the asking buy price in Commsec. Strangely those buy volume always disappear just before the selling price approaches the buying price.
I have attached as it appears in COmmsec. I will be surprised to see the rice is holding as per buy order. It is not one day's picture many days you would notice the same story.
Of course I am not raising any doubt but making an observation. Like many I do like to see my investment in sDl to become black from red
Cheers
Miner,
I've had a look at your attachment, are you referring to the two parcels of buy orders at 25 and 26c respectively? I don't think on Commsec you can see each buy order individually, the only way you could tell if a massive order was withdrawn would be to do a before and after comparison of # buyers vs # shares at that price. I cannot see a major advantage to pulling out a massive buy order as the selling price approaches, unless of course the buy order came back in at an even lower level.
jman
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Thanks Jman
Where do I find more ? individual large parcel orders in that case ?
Notwithstanding I would also visit Bell Potter site and see if thereis something available too
Regards
Where do I find more ? individual large parcel orders in that case ?
Notwithstanding I would also visit Bell Potter site and see if thereis something available too
Regards
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Looks like SDL is taking an ar5e pounding (excuse my French). Now the stock is worth as much as my comment 
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Thank goodness I was stopped out of SDL a month or so ago - down 50% from my 77c entry.
Hasta la vista $12,500 that was.
Hasta la vista $12,500 that was.
What's everyone's take on the new report?
Seems positive overall IMO, Resource definition was on the lower end of my expectation, but with 5 new rigs being added soon and a new prospect identified (70m strike) I am confident this should progress well this year.
The new Itabrite hematite discovery (to depths of 400m!) could be a major positive in the long term viability of the project. Will be very interesting to see how this progresses in coming years.
I topped up last week before this report and will continue to hold. still down overall but I believe it will be a good year for SDL.
Seems positive overall IMO, Resource definition was on the lower end of my expectation, but with 5 new rigs being added soon and a new prospect identified (70m strike) I am confident this should progress well this year.
The new Itabrite hematite discovery (to depths of 400m!) could be a major positive in the long term viability of the project. Will be very interesting to see how this progresses in coming years.
I topped up last week before this report and will continue to hold. still down overall but I believe it will be a good year for SDL.
I can see still more downside for SDL.
It's a long term speculative share. I've no doubt it will do good things in the long term but with the current market conditions, SDL is the kind of company that can take a real hammering.
If I was long term on SDL I'd buy at current prices and simply wait. The other option is to "watch this space" and jump in when the share tumbles. I've made a few quick profits on the dip with SDL. Personally, I don't like the recent action on SDL as I think someone/institution was playing "funny buggers" with the share. I lost 5K in 2 days during those "funny buggers" and vowed not to buy again.
Watching SDL in the current market climate will just give you a ulcer.
It's a long term speculative share. I've no doubt it will do good things in the long term but with the current market conditions, SDL is the kind of company that can take a real hammering.
If I was long term on SDL I'd buy at current prices and simply wait. The other option is to "watch this space" and jump in when the share tumbles. I've made a few quick profits on the dip with SDL. Personally, I don't like the recent action on SDL as I think someone/institution was playing "funny buggers" with the share. I lost 5K in 2 days during those "funny buggers" and vowed not to buy again.
Watching SDL in the current market climate will just give you a ulcer.
Looks like the market might agree tronic.
will be interesting to see what happens tommorow once the report has been studied though.
We might need a green day for the dow to help it along a bit.
There's been plenty of institutional support for SDL well above current SP and the general outlook for IO has improved since then. There's no price movement on the chart that can't be expained with recent events relating to Gindalbie or general market sentiment.
will be interesting to see what happens tommorow once the report has been studied though.
We might need a green day for the dow to help it along a bit.
Personally, I don't like the recent action on SDL as I think someone/institution was playing "funny buggers" with the share. I lost 5K in 2 days during those "funny buggers" and vowed not to buy again.
Watching SDL in the current market climate will just give you a ulcer.
There's been plenty of institutional support for SDL well above current SP and the general outlook for IO has improved since then. There's no price movement on the chart that can't be expained with recent events relating to Gindalbie or general market sentiment.
I agree with your point about the institutions. I'm beginning to think SDL might be the BOL of 08. The stock that everyone recommended but no one wants. I think we'll be up if the US has a good one tonight but Bush's address didn't give me a lot of confidence. If I wasn't sitting on a bargain basement portfolio at the moment I'd have been tempted to exit all my positions today as I think the market will react to the lack of certainty.
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http://www.mineweb.com/mineweb/view/mineweb/en/page674?oid=45397&sn=Detail
I'm guessing this is good???
I'm guessing this is good???
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