BuynHold needs to learn to read properly - my comment about it 'going to be very disappointing' was in relation to the 2009 trading result....tell me what is the earth shattering news in that given their trading update this week....almost every broker has slashed their earnings projections as a result. They will be pretty flat to 08 result.
At least have the decency to quote me in context!
I have no idea what is going to happen with Sinochem....I am just saying I don't understand why everyone thinks something will happen in the next week to two...perhaps you should read the annoucement again. Sinochem want to buy this at a certain price...see my other posting on PE ratio etc.
I am not going to short the stock....but I am not buying back in at this level. If it does jump further then so be it....my super fund will benefit. If people are being objective here they will acknowledge there is definitely as much risk as potential reward on this from current SP level.
NUF Price at posting:
$10.64 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)