The price ran up too fast and too high. There was a lot of hype around the stock. After the FY report came out a dose of reality set in. In the short term some are happy to take a profit. Some late comers may cut their losses. If you are investing for the long term then the share price will follow the company performance. The price looks more reasonable now and at some point the selling will slow and the stock will make a new low.
What will happen in the short term I cannot predict but I do like the longer term prospects and think that in the years to come there is a good chance that the price will be marching higher.
SEN Price at posting:
13.5¢ Sentiment: Buy Disclosure: Held
