It’s stating the obvious - but the share price is clearly being artificially subdued due to imminent redom
i don’t mind owning NASDAQ listed shares. The current situation therefore presents a potential buying opportunity
All things being equal, I expect an upwards correction in the days following the new listing. After all, where will the short term selling pressure originate from? Anyone really wanting out is heading for the exits right now
This assumes that we don’t see another steep correction following the listing date, which I suppose is a plausible scenario
Regardless, I won’t be buying more until I see the QAR. The first week or so of Nov is when I will consider averaging down (18c avg atm)
SEA Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held