So looks like SNT still in consolidation mode? . My last post over 2 weeks back, I had written I expected lot of play between mid 5s to 7. But towards the end of last month, some took it very strongly, towards mid 8, reached 8.5. It looked very strong. As I had mentioned before I had got out at early 7s, I had a good run from 4s, and have ever been waiting to see where it settles. Playing in early to mid 8s for several days, I was feeling, is that it. But it didn't give me confidence. I am not good at fundamentals, but I know and use. There was one thing which didn't make me comfortable. Market cap, it reached close to 140m. I play a few other Bio stocks and I was not sure, with the stage SNT is, around 150m market is sustainable. But who am I? If market likes it, so be it. Other reason was a big rise from 1s/2s, so needed some consolidation. Also CR at 6. So I thought I will wait. . Personally as I wrote on 21st Dec, I have not yet bought back majority I got out in mid December. I am waiting. .. So what may happen next week? Till now price has held well I thought - it played strongly end of December, very strongly I felt, it looked like 10 is there. Last few days, first signs that it may have got ahead of itself. Its trying to hold 7.5 now, pushing up, but good sells at even 7.3. So pattern wise, slowly drifting down. Does not mean it will continue, but that's the direction for now. Medium to long term looks great, short term, I am not sure. I will wait and see. All the best.
SNT Price at posting:
7.8¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)