This is very likely not "someone knows something" or a capital raising or anything of the sort. Come on you don't turn a 1.5billion company 13% on that kind of anticipation without news.
Yesterdays move had all the hallmarks of a classic shakeout. The price had looked very toppy for a couple of weeks and was due for a pullback. I would say that alot of stop losses were triggered yesterday, and I would be careful as these type of moves can last a few days.
I wouldn't be trying to fit news to this event, this is simple orchestrated share market moves IMO
Great long term story though. Hoping to get in under 50c but if I can't I might just bite the bullet.
Good luck people!
SDL Price at posting:
54.0¢ Sentiment: Buy Disclosure: Held
