I've entered this stock recently based on technicals. I know the fundamentals of the business yet my investment was based on technical timing only. First up, SPL is a larger cycle prospect only in my view. In other words it's all going to take an immense amount of time (many years) before the share price achieves its potential. So I've bought a parcel for my super fund averaging 80c just recently - I've been watching this stock for this purpose for a very long time as I wanted a biotech in the fund. I think it has 50 bagger potential but its a 10 year outlook (or so !) thus the superannuation approach. So I think the timing is now for an entry on this for anyone with a longer term outlook. For shorter term gains, there are better prospects elsewhere IMO. I have a proviso on all this though shorter term - if 70c is broken below from here it will be damaging as it breaks down the bullish structures that are now in place. And yes it is still being strongly shorted and it is going to take a committed swing higher above $1 for this shorting syndicate to bail out and put their focus elsewhere. cheers. E.
SPL Price at posting:
75.5¢ Sentiment: Buy Disclosure: Held
