looks like a good day to be sitting on the sidelines, sentiment has certainly turned negative and I can see further downside over coming weeks.
having said that the next couple of weeks will provide some excellent entry points.
if you want to be in the market at the moment stick with stocks that have possible catalysts that can drive the shareprice higher, whether it be in the form of exploration results, upcoming dividend, possible takeover speculation.
very dissapointing announcement from SSM this morning, they have scraped their full year dividend in favour of paying down debt, expect to see the shareprice hammered, the dividend was the only reason to hold the stock.
will continue to hold my PDY stake for the upcoming exploration results.
will add more RBM if there is any weakness, this one has a SFR feel about it, given the high grade nature of previous results.
