Well that was a fun day. Nothing to say all has been posted today.
Will only add I held SSN this time last year and saw a similar situation unfold (maybe not quite as brutal but enough to allow emotion and fear to rule the head)and then bang off we went, just waiting for an excuse to move us forward.
For what it is worth SEA is on target for record quarterly production with high oil price so logic says from what we know (and could be other factors at play not released to market)that this is getting ridiculous.
But if no one buys the bots win and no one is buying either by fear or they know something we do not.
If it was selling then I reckon we would be done and dusted as you only have a finite number to sell. Maybe it is Mr Franks selling some shares (ex director) do not know.
Now not saying we will have a SSN repeat but at some point logic will return maybe it will be the Niobrara to spark it. Maybe management should get off its arse and communicate better. Maybe the ASX should issue a notice so the company will have to say something.
Maybe this, maybe that but time will tell, the only question is how many people can stomach and wait to find out?
Holding and this from someone in the red, not sitting on a multiple profit.
SEA Price at posting:
38.5¢ Sentiment: None Disclosure: Held
