Sentiment has definately shifted towards a BUY there is no doubt about that...
As SDL is a resource stock the primary SP driver in the medium-longer term is demand and supply of IO...
It will be interesting to see the action today, given the movement in the DOW but also the fact that Offtake partner will be announced anytime soon...
When you compare the peformance of the DOW against Australian market XAO...it really looks like the XAO is oversold or DOW is overbrought...
DOW is up over 26% this FY (1 july 2010) whilst XAO is only up around 12% for the same period...
Since March 2011 the DOW is up 2.2% whilst XAO is down 2.6%...I think the impact of the strong Australian dollar has made investment in Aussie shares more expensive for those outside Australia...alternatively because the USD is low are companies pumping more dollars into US shares..
SDL Price at posting:
40.5¢ Sentiment: LT Buy Disclosure: Held
