SAS has a fascinating story to tell and it's highly marketable.
The engineering/aeronautical component is beyond my realms of comprehension but
what I do understand is the psychology of the market and underlying technicals.
It appears as though most of the available scrip, ~ 400million, has been traded in the past 2 weeks.
It's possible that someone has captured the free float, and if so, much higher prices are in the offing, both short and long term. The retrace the past 2 days has been orderly and on receding volume.
I'd like to see a few more days of consolidation before another launch.
The flip side is that there's been massive distribution. That would be rather premature and unlikely,
as clearly, higher prices are easily possible from a technical and fundamental perspective.
This is goin to da moon, or at least towards it imho.
SAS Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
