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16.5¢ sundance energy australia limited

agreed, seldom see such good odd yeah ! I will hold for months,...

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davidvestor

400 Posts.

7

24/04/18

19:17

Post #: 32665921
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agreed, seldom see such good odd

Originally posted by Sdaji ↑

It certainly was a nice day. Even if you ignore the cross trades, the volume was excellent and pushing in the right direction.

The cross trades are still great to see; it shows new shares going into the hands of people who want to be holding them, presumably coming from people who either overcommitted, didn't want them, or wanted to make a quick, easy, small buck rather than a large profit.

However you look at it, it does seem likely that today was the day that the bulk of those desperate to get out at breakeven or any profit, no matter how small finally had their stock exhausted, and now we're into the phase of sellers wanting a modest profit to be cleared (and when I say modest, 5.9c to 6.3c is still a 6.8% profit, which is not to be sneezed at within a month or two; I'm sure most of us would be thrilled if we could consistently get that).

Things should get much more interesting over the next few days and weeks. Looking forward to watching the show tomorrow

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yeah ! I will hold for months, as it is not a small cap, it will take a bit of times to prove its worth. As long as oil price remain around $70.. it should do well...it is not greedy to say double within months. GL

SEA Price at posting: 6.3¢ Sentiment: Buy Disclosure: Held
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