Gus said, "Normally with most of the stocks,on the third day volume would have subsided and the dust settles down. But this is apparently not the case with Sundance. We are still in the mid trading day and already 100 million shares exchanged hands..."
Gus, thing is, the shares are so much lower, that as the share price falls, volume can increase. How many more SDL's can I buy these days?
The bigger worry is the buyer volume- check it out- if someone wants to sell out a large volume, they could wipe out these 1m buying columns:
http://cb.iguana2.com/netwealth2/depth/sdl
SDL surely must be a wait and see now.
SDL Price at posting:
9.2¢ Sentiment: None Disclosure: Not Held
