Is anyone using this opportunity to top up on Sundance?
Some of the headwinds facing the stock:
* Rotation of (hedge) fund managers out of commodities - lock in the profits * Contagion of European debt crisis - Portugal may knock on ECB's door for bailout package (Spain next?) * QLD flood producing negative sentiment on resources * Further interest rate tightening in China and other emerging markets * Support broken
I personally believe in dollar cost averaging - it could be a good opportunity if your mindset remains long-term (i.e. production) and not on the noise.
SDL Price at posting:
57.5¢ Sentiment: LT Buy Disclosure: Held