today's drop was obviously panic selling and i have seen it so many times with SDL. however, i have also seen intense buying as soon as it goes below 0.4 so i was very confused - i think that the 1.3 million seller was playing games today and it obviously worked (surely they must have been shorting the stock).
big difference this time is that i suspect some of the big traders are shorting it using CFD suppliers that buy the underlying stock?? with 5% or 10% margin on CFD's SDL must be a dream play for the experienced!
sorry to say but talbot cannot really do much else for sp and i doubt that he is too worried either.
where is the bottom - who knows now that we have convincingly broken .4 and there are so many shares on offer?????
good luck to all of you. it would be a shame to see it fall below .3!!
SDL Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
