Sorry guys, I think I caused the selling today. I've locked in some decent profits and I'll take them and run.
The thing that made my decision is contracts in the pipeline ... yes there are contracts with govt. bodies, but the announcements and the half year report did not state exactly how much the contracts are worth going into the future. This could be because they either are not significant enough or because SSM is uncertain as to the value.
Further, SSM has not announced a new contract for quite a few months now.
The other side of the coin is, the SP is pretty low now, and if and when the announce another contract, the SP should increase significantly becuase it would give shareholders greater certainty as to the long term viability of this co.
Overall, I think there still are many many many more positives to SSM then negatives, but I am happy with the profit. :) Good luck to all holders.
SSM Price at posting:
31.1¢ Sentiment: Hold Disclosure: Not Held
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