re: ** check the chart...
If you pay attention to technical analysis I suggest you have a look at a daily high/low chart for SMM from September 2004.
When I put in the trendlines and looked at areas of support I saw 60c. as a key support. 60c has been broken and SMM has quickly fallen a few more cents.
Charts in my opinion aren't the be all and end all and in some cases selling/buying can be self fulfilling purely based on the chart.
However, even if the chart signal of a stock is dismissed, as I at times do, I always do pay attention to the chart.
Should more chart based selling eventuate in SMM then in my opinion SMM will present an even better buying opportunity.
SMM's underlying fundamentals have not changed.
The trick, and this is probably stating the obvious, is when buying any stock that has corrected to try and time the purchase so you don't see the stock continue to correct after you purchase.
SMM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)