SFR 1.25% $10.91 sandfire resources limited

Ann: Becoming a substantial holder-SFR.AX, page-6

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  1. 4,306 Posts.
    Anyone who says they understand what is going on with this stock is either a liar or the greatest analyst ever to have traded on the ASX.

    I just try to trade on the swings and roundabouts on this one. Happy to take a 10 or 15c trade and then get out as I have no great idea what is going on. Placed an order today at $5.18 but will not chase. Fundamental wise its a good stock with a good resource - but boy does it like to swing. To put it bluntly this stock is about trading on the vibe. Sometimes its a good vibe sometimes its a bad vibe. IMO anything in the low $5 mark is a sound buy. Anything over $5.70 look to sell. Apart from that I've got nothing to offer on this baby.
 
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