Breakout Looming, page-15

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abitlikeme

7,350 Posts.

290

07/03/15

09:47

Post #: 14876157
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Originally posted by Jacktrader ↑

Folks

Just a few bobs worth here.
Again I come from a non rose coloured glasses perspective these days.
Sorry to tell you all but SUD has been victim of day traders this past few days. Its a regular thing on an approximate two monthly cycle. So the next wave of SP spike wont be for a while IMHO, unless a deal is struck.

Its very clear. I suspect the SP will drift back to the 4c support level, and I expect t to languish around these levels for another few weeks or until they announce something.

To be frank one is better off shifting to other stocks keep watching SUDA daily and then when and if SC and his band of merry men announce something get on board. No one will be left behind in my opinion.
Years and years of being in SUDA tell me I have nothing to worry about with any sudden movement.

1.3, 2.9 and 2.5 million traded with a SP rise to 4.7c in that time from 4c and now back to 4.3c does not, I repeat does not constitute a breakout people. It doesn't register on the calculator when trying to measure % to no of shares being close to a 990million.
It will drift back to 4c.

I don't mean to burst bubbles here, because believe you me I understand the hope chip everyone in here has.
A sense of realism is what will keep one sane.
All the best to all

PS As always I hope to be proven wrong

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Hey Jack, no one has it has brokenout, what I said is that one is looming, and I'm fairly confident with that call. And Suda "has been a victim of day traders in last few days", really ? Certainly doesn't appear that way to me. Id say someone was accumulating a small parcel.

Jack, you are correct in a small way re non holders not being left behind, as we still have a large number of stale bulls, however if a large deal does come through, non holders will paying at least 50% more.

SUD Price at posting: 4.3¢ Sentiment: Buy Disclosure: Held
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