SMY sally malay mining limited

This is my thought with no evidence backing it on why SMY went...

  1. Horsetrader1
    5,227 Posts.
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    30/05/08
    12:29
    Post #: 3791222
    This is my thought with no evidence backing it on why SMY went to $6. This may help as an explaination.

    I think that SMY just followed the bullish market sentiment. Most stocks did. BHP went up to $50 on the back of a rumour. Nickel producers know that buyers are watching, so I think a bit of takeover speculation plus some market enthusiasm pulled it higher.

    The fundamentals have pulled it back.

    HT1
    SMY Price at posting: 0.0¢ Sentiment: Hold Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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