Playing 'wait and see' with SPH at these levels may mean missing the boat in IMHO. :-)
I made this mistake when people I knew jumped in at 20c and urged me to do the same. By the time I had looked it over and was ready to commit a decent chunk I was struggling for an entry around 30c! Took just 3 days for the climb back up.
Another strong close up 25% to 42.5c on Friday. This when ASX200 down 7% for the week speaks volumes.
Think a lot of the new holders must believe in the huge long-term upside. Why else would 'newbies' who flooded in at 20c not want a quick 100% return in 10 just days?
Sell-side looks 'blue sky' at present.
FWIW, just 4 weeks ago SPH was around 70c and Soros was belting the stock down with heavy selling. My feeling is a return to these levels prior to Xmas.
Good luck mate, hope you get in... Merry Xmas.
SPH Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
