I too am very happy with the volume that has traded since re-listing, however I suspect a lot of it is the result of churning!
I know I have turned over a quite a few!
Never the less, it does mean that the VWAP is getting higher all the time and by my calculations, we are ready for the next leg up!
I keep comparing SLT to UNI...I'll tell you why;
One of my most successful trades was UNI. Got on in the 40's, traded in and out and managed to increase my holding without putting in extra funds. Traded it all the way up to the $1.40's where I sold the lot only to buy back twice as many in the 60's two days later. Then the whole thing started over again, it was a little slower this time, but it went right up to to the high $2's before I sold the last of my holdings. I have not traded it since...although it is on my watchlist at the moment.
Opportunities like that are very rare. I have been lucky enough to take similar rides with CST, PRR, OMI, UNI and EMS (in that order). They all have similar stories and were mainly driven by sentiment in the early stages.
Experience tells me that SLT will be next!
Cheers!
SLT Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
