Thought SKG would re-trace back to around 7.1 so i traded it at...

Thought SKG would re-trace back to around 7.1 so i traded it at 7.8.

Doesn't look like its going to happen and i believe it is going to run up again shortly for the following reasons"

1. Extremely active management. They announce something new most weeks and traditionally it runs afterwards. Even more so lately.

2. Technically its retraced as far as it is likely, back to trend line. Take a look at the graph.

3. Company itself has just become cash flow positive, expanding quickly ( read latest reports!), and seems to be becoming very active in Singapore.

4. If seems to be establishing itself as the major aus operator of wireless broadband and home automation.

Sometimes its just not worth trading.