i started a thread sometime ago, after the placement at 40c, saying that SDL was a buy at 35c or below... my argument was that a retail investor would want to see a 10%-15% premium on what a company was willing to pay 60m for, before outlaying his/her own hard earned...
since that thread, the share price retraced to around my 34.5c buy in price, then back up to the 40c placement price... i pocketed a healthy 15% trade, and hope others were able to follow suit...
with the price now returning to my original buy in price, im starting to see some value in the stock again, but this time i'll be looking for a lower entry, due to market sentiment as a whole...
im now a buy sub 30c
maybe we will see those prices, maybe we wont...
good luck to all traders and long termers... SDL will be a solid investment, given an appropriate time frame...
SDL Price at posting:
34.0¢ Sentiment: None Disclosure: Not Held
