Of course it is falling. Management gives investors no new reason to buy the stock. People won't buy SDL just for the sake of it, they need to be given a reason to do so. For the smart arses out there, I'm not suggesting announcements "still drilling" but rather that SDL needs to be promoted, talked about, etc. Unfortunately management is silent and so investors continue to sell. C'mon, its not rocket science.
Sadly it's clear the stock is going to fall further, just look at the sellers lining up. So many sellers are between 33.5 and 35...clearly they aren't expecting a rise any time soon.
It's fine to say the sp will eventually boom, and maybe it will. However such comments are IMO without logic. Which would you prefer, the stock to rise 100% from 33c or from 55c? Of course a rising sp is preferable.
Given Talbot's profile, it should be easy to secure some press on SDL, explaining why he has chosen to get involved. All he needs to do is be talking about SDL and the sp will seem some lift.
SDL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
