I agree...where do these rampers get their ideas from...more likely desperation having bought at a peak and then watched the stock price fall back with desperation!!!
I have bought and sold this stock for 2 years...it has been very volitile...and whilst I am not surprised that it has at last got to over 10c...however, I am surprised to see it remain above 10c mark (see my previous messages for fundamental analysis). This is most likely due to the rotation into Pharmaceuticals as we continue in this sideways trading pattern.
My feeling is that SIE is an excellent company with good prospects building...the benefits from their marketing/production alliances are only just beginning to be felt and they still have a major problem with their exposure to the US$...I would happily accept that they have tightly managed their drain on cashflow / operational expenses and still have $14m in the bank...but, we need to see a more positive bottom line before this stock is rated higher than 10-11c. Some people (most likely rampers) have suggested that the improvements to the bottom line will be seen at the end of the next quarter. For my money, I believe it is more likely 6-9 months out.
Don't get me wrong...this is an excellent company with a great future. However, in my view it is a long term buy and I will not be buying SIE until it falls back closer to 9c or below.
SIE Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Not Held
