Felsmad at the start of 2011, SDL was at 60cents and the XAO was at the same level it is today. SDL has underperformed by 40%. One thing I have learnt from the market is an expected announcement will not reverse a downtrend. Hold and hope philosophy, example "if I can hold on until the quarterly things will be all right", rarely works. Key thing about markets is small holders do not move stocks, big holders do. These big holders are very savvy outsiders or insiders. These big holders are at present net sellers of SDL. At the moment you are betting against these big holders, most of whom have become big players with significant funds, because they have a history of outperforming the market. I would be very careful, always safer to buy stocks in an uptrend. I have nothing against SDL, but at the end of the day I take positions to make money, and not to fall in love with any of the stocks I happen to be holding at one time or the other. Even if I play devil's advocate, it may prevent someone from leveraging and taking too large a position size on the latest "sure thing".
SDL Price at posting:
36.5¢ Sentiment: Sell Disclosure: Held
