Nice to see directors buying on-market when it was 28c, like many here, they know it's a no-brainer and just requires a little patience while the short-seller numbats try and escape with their tails between their legs, any shorts that are not out now are going to be burnt, unless they have enormous collateral behind them and can force a brief dip, which is unlikely now.
The force is with SXY, and it's in for a very good two years IMHO.
Broker consensus has risen a little overnight, to 41 cents, and like the share price, should continue to climb for the foreseeable future.
As always, I wish I'd bought more, but when you are old and poor, what can you do eh? I tried hocking the wife (after dying her hair blonde) in an online auction, but the most I was offered was three camels (I'm presuming the guy was from Saudi), so what do I want with camels. Only kidding. I hope this is not sexist. The wife had a laugh. She has a good sense of humour.
You know a stock is strong when the market is down today, and energy stocks are down today, but SXY is on the up, and looking stronger every day. I hope it continues. Fingers crossed.
Gw
SXY Price at posting:
30.5¢ Sentiment: Buy Disclosure: Held