38c has long been support - like with Japan. I agree that is the most likley guess.I had my suspsicions that Talbout Group knew much more, and hence chose to sell that lot from its many lots of firms. (yes, I know they sold a few more holdings in other firms but they also held many).
It is common for stocks that hit 65-70 cents to find a base at 38 and then come abck to the 90s. Look at ntu as an exmaple.
I do feel many of the talbot group will privately buy back in this in the 30s and watch it ride the waves higher.
PS: Do not panic if we even slip a little under 38 - as with cap raisings that sometimes happen. If the reason for cap raising is very good - like this will be - then it should be short term. A month or two.
SDL Price at posting:
43.5¢ Sentiment: ST Sell Disclosure: Held
