Yes, you are correct re the capping. This has been a feature of SAR over the past 6 weeks. It consistently is being held down. My theory relates to possible M&A action, but to date I have been proved wrong.
With an open register and plenty of share float, there should be more "viscosity" with the share price. Clearly, there are other forces at work.
That wall at 45c was built in the last hour. Prior to that, there was a heap of open space all the way to 46.5c. It clearly isn't traders putting up the blocks, nor is it long-termers. It's someone else with another motive.
IN the end, its all about patience. Sit tight and let these people play their games. We've got some serious news we are waiting on the will (in all likelihood) change the game.
SAR Price at posting:
43.8¢ Sentiment: Buy Disclosure: Held
