since july 2013 the SP has been trading in a very well established band between 10c and 15c. Im of the opinion it is more likely to break higher, i.e over 15c, then lower. But there are many traders out there that love when stocks trade in established bands and actually make them more established by participating. I think thats about the long and the short of whats been happening. I haven't been brave enough to sell at 15c as each time it bumps against that resistance level its more likely to break through. I have been brave enough to buy at 12c, 11c, 10.5c, got some at 9.7c end of last year, all valuing the company at less than what the majors have valued just the licences they have brought into. SP behaviour is weird because human behaviour is weird. Don't get caught up in it. Look at the value of the company as a whole (partnered with GDF, TOTAL, SANTOS) and make decsisions based on that.
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STRATEGIC ENERGY RESOURCES LIMITED
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