SDL 0.00% 0.6¢ sundance resources limited

hi all,today's drop was obviously panic selling and i have seen...

  1. 801 Posts.
    hi all,

    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!!

 
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