SBM 2.11% 34.8¢ st barbara limited

is it a takeover coming, page-45

  1. 795 Posts.
    re: dwecke.... No problem.
    2 things i do not like when i invest in a stock are
    a: long trading halt
    b: so called placement
    Long trading halt because it locks in your $$$ and anything can happen in between , just as we have seen today ...
    Placement because no one will ask you ( as a small shareholder ) if you agree or not, and invariably it leads to a drop in S/P just as we have seen today....
    Last week i sold 75 % of my sbm because i thought POG was due for a correction...
    Now i'm pondering what to do with the rest or should i re-invest in it.
    My opinion is the s/p will go lower because it almost always does after a placement, sub 60 c is a real possibility in the next few days/weeks if POG drops further and if S/market suffers what looks more and more like a sell down to a more comfortable level.
    I still think SBM is a good story but can't help being disapointed by today's turn.
    Cheers

    d/y/o/r
 
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