Unfortunately I don't know where the buy point is. It might be right now. I doubt that, but it's possible. I'm not sure that your comments about pessimism are entirely correct. If you read my posts you will see that I continually state that SLX will make holders very wealthy in time. I just don't think that time is here quite yet. As markets are volatile stocks without current or near term earnings are going to be hit. SLX has been (and imo) will continue to be one of them. There is no sense in the current share price based on what I believe will be future (but long term) earnings. I believe the price should be a minimum of $7. But the market is not and does not have to be rational hence we see the stock in the doldrums at sub $4.50. And I believe that irrationality will continue for some time.
Finally, look at the depth. there is a single order at $3.50 on the buy side for 100,000 units. It appeared at the same time as an order for 50,000 units at $4.50 when the price started to fall under $5. I believe the orders were only placed to help shore up the price and if the price gets under $4 I think the 100k order will disappear. Without it the depth is very very weak indeed.
I am pessimistic in the short term, but the future is very bright.
J.
SLX Price at posting:
0.0¢ Sentiment: ST Sell Disclosure: Not Held
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