SDL 0.00% 0.6¢ sundance resources limited

buy on weakness

  1. 325 Posts.
    Is anyone using this opportunity to top up on Sundance?

    Some of the headwinds facing the stock:

    * Rotation of (hedge) fund managers out of commodities - lock in the profits
    * Contagion of European debt crisis - Portugal may knock on ECB's door for bailout package (Spain next?)
    * QLD flood producing negative sentiment on resources
    * Further interest rate tightening in China and other emerging markets
    * Support broken

    I personally believe in dollar cost averaging - it could be a good opportunity if your mindset remains long-term (i.e. production) and not on the noise.


 
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