sce roadshows, page-55

Well finally out of my suspension. Fancy getting suspended for 7 days due to replying to SOMEONE ELSE's message that had a swear word in it. Admittedly I copy and pasted the phrase I was responding to as I do. Ahh well it was a nice holiday, enjoyed the scenery.

Have to say the share price action has been a little disappointing. Certainly not much in terms of trading happening, and I have to admit that I had to sell some stock to fund an upcoming business transaction. But still have heaps :-)

The fact that I had to sell some just shows that there are many reasons why people do sell, and often it has nothing to do with the fundamentals of the company or out of desire.

Just need to be patient. As someone else mentioned there has been a lack of announcements lately and nothing to drive the shareprice. The chart also looks a little weak from a short-term traders point of view so there would be very little support from them as well.

Unless there are some great announcements impending, I expect there to be continued weakness into July. As many would be sitting on a profit on POH I expect many will wait until new financial year to realise profits, especially considering for the year the market is up considerably.

Well that's my take. Let's see how it pans out. Have no doubts we'll end the year much higher than today's shareprice though.