STB 0.00% 40.0¢ south boulder mines ltd

report fresh off the presses, page-4

  1. 127 Posts.
    Maybe I missed something or they think macd over-rules but they don't seem to state the STB is in a clear down-trend.
    Volumes are low but the price is clearly sinking.
    It hasn't dropped dramatically so maybe there is a patient buyer but if I were accumulating I would dump shares now, smash the price and then buy back - there has to be a lot of nervous punters holding losses that would get out if things go further south, especially as new good news is failing to motivate buyers now.

    To regain 625 it now has to go up around 70%. That is a big jump and would take some very big news.

    Below 625 there are a lot of people carrying losses a lot of them would happily now get out at 500.

    I remain bearish (surprise) but DYOR etc.

    =====================
    March 9, 12.55pm STB @ 535 "It's over."
 
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