I have to confess to being one who foolishly sold when the SFR...

I have to confess to being one who foolishly sold when the SFR shareholder notice came out. I thought there would likely be a pull back, as I presumed SFR would cease buying after they had revealed their hand. Well there was a mini pull back, I got spooked and sold out at the lows around 1.07. I'm not complaining, my entry price was 0.41.

When I sold in the auction on Wednesday, I noticed that a bot was exactly matching my sell order the instant it was placed on the buy side, so as not to move the price. That tipped me off that there is still significant organised accumulation going on in this stock.

Well a couple of days later and I ate humble pie and bought back half my stake this morning at 1.15. It hurts to drop those 8c in just a couple of sessions. But the strength of the buying activity has convinced me that this has further to run. So I've put my mistake into the expensive lesson category and am looking forward. The only reason I haven't bought back the whole stake is because with the run up, it had come to represent 40% of my portfolio. So it's now 20% and that's aggressive enough.

Cheers,
Tim.