SIP sigma pharmaceuticals limited

$4.8m bought and sold today. Looking at market...

  1. asf
    9,887 Posts.
    $4.8m bought and sold today. Looking at market depth:

    http://cb.iguana2.com/netwealth2/depth/sip

    We have a bunch of people who bought to get thre dividend and are now selling, and we need equivalent people to buy who see the value of SIP post-dividend. Because the dividend wqas so "extreme", and thre buying was so intense, we're going to have to wait (maybe a few weeks?) to see where she lands when all the dividend sellers have made their quick exit. SIP has been an "event" share, with the dividend being the event. Now, it could go anywhere for a few weeks. At some point, the market will start to see it as oversold, but the market will not be of the same demographic as the dividend chasers. We just need supply of SIP shares to flatten- that ain't happening yet.
 
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