So many one sided people - sorry for daring to mention selling the beloved SDL - maybe I shouldn't have posted. But aren't we all here to collaborate our strategies and in turn all be better off, rather than all just believe one way of doing things?
I don't think it will retrace to 23 cents, and I don't doubt the future potential of Sundance, but over the last few trading days we've seen a 10% jump, followed by a 1% jump followed by no movement. We saw a strong buying side earlier today, but that has thinned out (still very strong, but no doubt thinner). So this led me to sell now and I'll buy back in a cent or two cheaper - alas if not I'll buy in a cent or two higher... A risk I'm willing to take.
Once again, I will definitely be a holder of Sundance in the long-term, but if I can make a few hundreds or even thousands in profit taking along the way then I'm happy to do so. I'm already up in predicting their last retrace, so if I've misjudged this one then it's no biggie.
Cheers, TGB
SDL Price at posting:
28.5¢ Sentiment: ST Sell Disclosure: Not Held
