Pete11 - IMO I think the deal will be done. The vocal majority is mostly wrong * there is some really interesting science behind that phenomenon
We are seeing a "capitulation" event. That is when the emotionally "weak" hands finally give up in exasperation and exit, only to see the stock forcefully and quickly rebound.
Remind me in two weeks if I have it wrong. Please. I will put my hand up to say I am wrong. No problem.
It is a short term buy for me and has been derisked. The fact that the vocal posters here will disagree, dont worry. They have been pretty much off the mark so far and there are only a few posters here who are good at deductive reasoning.
I know a few of them and they are pretty wealthy and smart. Done it through years of hard knocks and perseverance. Also knowing when you are wrong and reading the tape as well as business realities.
I am always learning and happy to be open to new ideas - some here think they have it all worked out no matter how absurd it is. We will see them exiting soon. The lesson is always learnt, easy or the hard way.
SDL Price at posting:
30.0¢ Sentiment: ST Buy Disclosure: Held
