I have traded SBL since 2009.
Aug-Sep 2009 had 2 million at 1.6 and sold at market at an average of 3.4 in December.
Feb 2010 i had accumulated another 2 million at an average of 2.4 and was able to sell 1.6 million at market for an average of 3.0 in April when it shlt itself.
Held and sold the rest for 2.5 average in September.
Bought in at 2.4 for 2 million in September 2010 and accumulated to an average of 2.6 and have since then been able to average back down to 2.4 now with 3.1 mil.
I nearly made the mistake of buying in the 3's under false pretense as a lot of people did and wasn't really watching the market at the time, but went with my gut and waited. Fortunately as well i was on a 5 month holiday in Europe and America from Nov to March.
Missed the sell but also missed the buy.
I have been fortunate with SBL in getting out at the right time.
Herds are for the bull rush. Not sleeping investors ready to pounce. If you hold don't be stupid. Even if it takes another month or more its not worth losing half of your investment if you bought in the 3's on something that is a sure thing. Being a producer is a different ball game to being an explorer.
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