Yes, you're right about the presentation and the short selling. A lot of people are using it as a trading stock.
Did you read the news article released to the ASX. Basically I think it was pretty much a rehash of the main presentation. If you want to profit from this stock you might have to hold it till sdl reaches another milestone in their negotiations for finance etc. Anyway Im still holding, their has been a lot of big interest in it in the last few days I saw one trade go through for 3,500,000 approx. Anyway apart from that I think people are targeting this stock for short selling but thats just my opinion. Ok thats all the news I have.
bye
According to the ASX, 10% of all sales yesterday were "short". I'd love to see today's stats.There is a downward trend happening I can't explain it. However the stockmarket is generally flat at the moment. Thats the thing with small cap stocks very unpredictable.
Yes, you're right about the presentation and the short selling. A lot of people are using it as a trading stock.
Forgot to say that SDL website has an upgraded value by an anylist company of about
77c and I think thats as it stands now, I could be wrong but check it out.
It is behaving very irratically but most mining and energy did today on news of China having to reign in its economy, this seems to have pannicked the market, I dont know why because China is set to ramp up its ore importing after the China luna new year in Febuary and commodity prices are expected to rise throughout the second half of the year. If you watch the market depth on this stock the other day there was nearly 3 times as many buyers as sellers and yet the sp went down? Nothing has changed for this stock the company is still on track and infact ahead of schedule. Thats the market though but Im not selling out cheap on this one their is too much interest in this stock from some big movers.Yes it says 77c in Nov 10. It seems to have a resistance point at 48c today and if does not break that there could be an upside next week which confirms buy low sell high, sounds easy doesn't it?
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I agree that there is good support around the current price level, and the MDA I have applied reflecting support levels is almost approached.
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I agree with recent posts and just a few of my on ideas to share.
I bought in around .13 cents with a strong belief in the SDL story AND, I still like the story. However, the infrastructure demands (rail, port) are significant and will inevitably require a spp.
Not only will it dilute share value but also the target that you refer to. Indeed I believe the writer of that review alluded to that also.
The sp fall from .665 to .485 has been harsh. In this regard it is hard to see it as profit taking. I smell a SPP in the air!
My approach, and I note there is a thread on long term holding vs trading is to simply do both! I will hold my original parcel as it is in my SMSF so no interest loan to be concerned with (share return vs interest being paid for holding). I will also be buying more for the purpose of trading.
I agree that there is good support around the current price level, and the MDA I have applied reflecting support levels is almost approached.
Because this is a great stock I am happy to short term trade as well as hold my original parcel. It is this type of stock that one can confidently do both, and make both short run and long run returns.
Others I am doing this same approach succesfully on are GXY, ALD, ADU and BHP.
I also have other stocks just for the purpose of trading where I have no intent on holding. But these good story stocks with upside, I believe provide fuller benefits from both having a hold parcel, and a trading parcel.
Cheers to you all
By the end of this current Quarter their should be news about the DFS and the Government final approvals, and we will be a lot closer to actual production. This stock will improve when agreements and financing consolidate, it will be a great stock in the future so I too am hanging onto my original parcel and Im sure unless something very unforseen happens this stock will increase significantly by the end of the second Q.
Cheers hang in there
We were going to hear all about that at the end of the last qtr too. Oh and the qtr before that. I fully understand it takes time, but the bait has been there for a long time...where are the bites. MOU's for construction companies are easy, ofcourse they're willing to get on board. Getting the finance (I know I'm stating the obvious) is the hrad part....and there's nothing there yet.
I've been invested in SDL since 2007/8, i still have faith that it will all happen, but I sold alot of my holding last week and decided to persue other stocks. Every time I have doubted SDL...the next week they have brought out an emcouraging announcement. For me though, I have invested enough time and money, and missed enough on other stocks. I think SDL has matured enough to be a stock that you can just put some money into and not loose. Weather they get bought out, get finance or whatever...one things for sure, their resources & the project is worth alot more than their market capital.
[CODE][CODE][CODE][CODE][CODE]Well done on the research. I think its inevetible that a larger coy is going to get involved in this area and I can only hope that they see SDL's idea as the best option. The SP is surging again and all the buyers at around 43c will probably sell out from about 49c through to 52c and then try and short sell it back down as has been happening. But the more positive news the better for this stock.Well well, NOW we have something interesting!! News today, although not officially confirmed by SDL yet, that POSCO are in on the deal.
http://joongangdaily.joins.com/article/view.asp?aid=2931673
Volume is high this morning and looks like this may spark the run back into the 50s again.
The way the articles are written, it seems like a pretty safe bet that an agreement has been made, although you can't always trust the press I guess
If it has, and it is confirmed by SDL shortly, I'll be happy
If the rumours about POSCOE come good, you might be waiting for a long time.
Wish you luck
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