In my experience, when news is imminent, the market usually prices stocks on the basis of 1 of 2 scenarios, either worst case or best case. My view is that the latter applies here.
While I don't think there's any 'bad' news coming anytime soon, I do think that expectation may be a tad over optimistic for this particular hole.
In saying that, I've retained 50% of my holding because that's the level of confidence I have in that assumption being correct lol.
SVY Price at posting:
94.5¢ Sentiment: None Disclosure: Held
