Is anyone really interested ?Would it be constructive to do so...

Is anyone really interested ?

Would it be constructive to do so ?
That is would it be of value to anyone ?

Ok

yes SSI dropping like a stone

So something is broke .. or very very oversold

issues ?

collapse in values of Internet gaming sector
after USA legislation destroyed many companies customer base...

Mkt is always circular.. X is worth X because Y is worth Y...Even though SSI is ASIA... A wash out in a sector is a wash out..

indigestion...breakup of old holdings and recent placements

This I assume put a lot of stock into new impatient hands..A common
entry price and a common entry time = A lack of diversity in the shareholder base... They all bought.. So they are not now and some are selling. Aggressive selling is a red flag for real buyers to step back and be patient.. the lower the bounce point the more stock to pick up at better prices..stocks don't go up to after you sell is the old saying..

Impatience with cash flows..A lot of set up costs and a lot of setting up.. a lot of one offs.. But receipts should be ongoing and growing but new games are yet to contribute etc... But it seems a bit slower than some might have wished for...

AFR article was negative overview of gambling in china and regulatory situation...

Yet SSI has 5 year licenses... and illegal gambling is a given the key is that this is transformed into legal
and government and customer and SSI all better off

So China's interest is served by controlling legal gambling rather than have illegal continue to flourish
only real way to do that is have a real and viable legal industry that crowds out the illegal...

"Those that know more than the observer will reveal their intention by the stocks SUBSEQUENT action, by their buying or selling "

Not the action now .. never the action NOW.. but the the response of tomorrow to the NOW.. the SUBSEQUENT action...

hence with the AGM tomorrow We soon see IF
SSI is broke or massively oversold.. nearly flagged a buy signal on Friday..pick up in recent volume, action starting to look a little supportive...On a P&F chart
it is a very very long tail down or low spike..

A long wall of unbroken red O's ... A sign of aggressive
selling.. But also of buyers on the sidelines.. A lot of selling that does not cause resistance just an overhead vacuum.. With such a wall one can scale to great heights very quickly . in effect the wall is a base. Not to build from but to climb on.. But We atm don't want to see activity at the bottom or else it is readjustment to new fundamentals and hence new price levels

OK recent announcements of GCN and SSI are good
AGM tomorrow should bring clarity

SSI stays weak or We get one hell of a buy signal
with massive upside targets to be activated..

So like all the other would be potential buyers atm I would be on the sidelines too ... Noting the tentative bottoms in both GCN and SSI.. And the growth story that is a Shanghai and China... Shanghai is a city with a population like the whole of Australia..

If SSI shows itself to be on track.. The weak and impatient finally finish selling their shares.. We get a more diversified shareholder base.. Where holders have different time frames and buy prices and reasons.

We might see how high a stock can bounce and climb..

The chart says sellers are driving the action
either the buyers have fallen back and moved to the sidelines. ( it wont go up until the must sells have sold )
or where there is smoke proves to be a real fire just not the small spot fires getting in peoples eyes that I canvassed above..

See the bids reaching over $2 tomorrow..
We will see.. stock is finite, sellers having sold ,the short term is then in new holders hands..

A perfect set up for a selling climax there as been extended weakness
with a final drive down and capitulative wash out ( maybe ! )..

Who knows maybe the Sellers lost heaps in other stocks in the sector ( USA situation )

The subsequent action will tell us for sure

My views and opinion

and as of Now...

Buyers and sellers each take turns prices fluctuate
when one side is doing all the work to such an extent as this. And after a period of weakness ?

your call....




motorway