SLX 3.85% $4.50 silex systems limited

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    SLX drifting along the macro?
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    From a weekly perspective, a very slight gain drop from 405 to 389 this week. Volume moderate and usual.
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    So what is happening? It's playing the macro. Which is not giving a confirmed direction. Nothing significant, but did make a new low of this phase today at 380. There was a good announcement, but U macro is so strong, that individual stocks are just playing that, instead of having a mind of its own.
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    Personally I did buy a little bit more at 390. My average last week was 420, now 410.
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    So what may happen next week? All eyes on CCJ. As I wrote last week, if it can hold 39/40 level, it's game on. Otherwise talks of protecting capital may come into play. CCJ is at critical juncture. It can go either way. Let's hope its on the up. Enjoy your weekend and all the best.
 
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