SDL 0.00% 0.6¢ sundance resources limited

are we being treated like sheep, page-31

  1. 6,816 Posts.
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    Guys

    For what it is worth here is my call on events:

    1. Broker advises that there was a forced seller today (sub 10 mill) that had to settle.
    2. The last few days of November (see Charlie Aitken from Southern Cross) are when smaller and larger funds lock in positions. They leave Dec often to run its own course.
    3. I thought we would finish at .37 technically, (close at .36) and maybe a bit of desperation in the afternoon - especially if the forced seller is called.
    4. .45 is looking good for Dec. I think we will exceed this and call me out if we don't achieve this.
    5. See previous posts for fundamental catalysts.
    This is very typical of profit lock in. Make no mistake, the sellers are most probably future buyers and will drive us back in a day or so to good levels - .375 - .385. We are most likely to run from there.
    6. I topped up today at close.

    Hang in there - dont be distracted by "noise" driven by trading, profit lock in and reporting factors. This is the trick - stick to the plan friends.

    Give it a few days.
 
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