I think we held up reasonably well on friday. I was bracing for a much bigger plunge, thinking specs are the first to feel the heat. Obviously we arent immune from the turmoil, and tomorrow will be ugly, but heres hoping cool heads prevail and the overreaction from friday doesnt continue.
Admittedly I had my finger on the trigger but decided to stick it out. I have a pretty big holding but fortunately a low average of 0.019. So hopefully i wont be staring at the scary red figures for too long.
It is a shame, August was shaping to be such a bumper month for the sultan and fingers crossed that strong fundamentals and pending news are enough to keep the price at a fair level.
I expect management will let this fire burn itself out before releasing any news, which would just be sold into. That being said...how low do you think we will go and how long till we see some positivity?
SSC Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
