Here is a slightly different take on our situation in light of the global markets falling between 7 - 10% over the last couple of months.
Momentum is everywhere when it comes to investing. Sentiment and price direction becomes a self fulfilling prophecy.
As crazy as this may sound, the one thing working in our favour whilst the market corrects IMO is our dismal share price performance vs the overall market performance.
Here is why.
Market corrections force investors both large and small to adjust holdings and portfolios. Momentum indicators and technical analysis have a big say in this. They often move funds to cash or cash equivalents and look for other opportunities such as underperformers, day trades or short term trading opportunities based on material updates.
The reality is that as of the December quarter revenue has diversified: Smart, Tata, Vodacom, Verizon and Zenvia.
If we can surprise the market with a material announcement that results in a significant lift in volume eg 50 - 100m shares per day over 2-3 days then momentum indicators change and we can outperform significantly in the current environment.
Differing opinions is what makes a market.
It’s time for the Key Reversal.
SYT Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
