too right Billy G, this SLT is definitely on heat. the proof is in all the punters sniffing around and itching to jump on for a 'ride'.
thing i like about SLT is that it hasn't really retraced. so whoever sells out for their half a cent gain and then awaits for re-entry, watches in despair as they miss out on the next little spurt SLT puts on. perhaps this is why you were attacked the other day i.e. peeved off punters who sold out earlier and now have to pay a premium to get back in. Nevertheless, the recent uptick in price and high volume relative to outstanding stock on issue provides a solid base of resistance at these levels imho.
the major downside or risk is in the 'freewheeling' management and corporate cowboy philosophy i.e. daytrading and such, which begs the question for what purpose is this being done? in my opinion, perhaps to cap and let the 'cronies' accumulate. if this be true, then is it not market manipulation? ASIC, where are you? however only the snowman can let us in on his state of mind for 'daytrading' the SLT.
discl. i hold from early on so i have a diminishing risk aversion to the SLT
SLT Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
