I remember back when vil dropped on low initial flow rates and no oil from FP#1. Now that was a justified reason for a drop.
Here any justification for a drop is much more fickle. SSN set expectations at 300-500 bpod. They currently have over 1000 bpod and it could still improve (and it's oil). Talk about exceeding expectations.
Unfortunately the things against seem to be:
- Too many shares on issue (leads to more weak hands than normal)
- A market with expectations way way too high
I think the people who will make money here are those with a long term perspective who see days like today for what they are - a good opportunity.
- Forums
- ASX - By Stock
- SSN
- if you don't get it get out
if you don't get it get out, page-6
-
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)