Watching the current slow demise of the SAR share price reminds me of previous activity in the company. The drop seems to be out of character and against market fundamentals. The rationale for the drop is still a mystery to many here and doesn't seem to be linked to company fundamentals or stock specific issues. So, what to do??
My recommendation is for the long termers to take some time off for Christmas and not return to the SAR screen for at least 4-5 weeks. Some opportunities may present themselves shortly, but I wouldn't worry about trying to catch them. The general trend is down (now confirmed) and there is a large reversal required before I would place new buy bids. Short term, leave it alone and come back in the new year when more direction will be provided to the market and more definitive buying/ accumulation takes place.
I will leave the SAR threads for a while as there is little more to be said.
SAR Price at posting:
42.0¢ Sentiment: LT Buy Disclosure: Held
