Great posts elleburra
Explains some of the sell off seen last week. From reading recent posts, many, like myself didn't know what caused the sell off but it's too be expected during last weeks general sell off IMHO. Some people would have panicked and sold SRX the same as a lot of other stocks that have been hammered.
The fact it has bounced straight back towards all time highs is a good indicator of strong demand at these prices.
Being a bit of a binary decision coming up re SRXs clinical trials, I'm expecting a lot of volatility in the sp heading closer to the announcement as people shift from extremes of fear and greed, giving great opportunity to trade or increase positions up to the announcement.
That is only S/T but should give the SP one heck of a boost on good news. In the longer term, on current outlook without positive announcement, SRX should see a boost to Revenue, EPS of ~25% compared to last year as per their own forward guidance. This will be boosted by ~20% on US/AU$ currency moves by June/July 15.
Giving around 30% growth. Between now and EOFY15 figures, the SP could be anywhere but with those figures, plus any positive announcement before June/July 15, the SP should work its way higher from here rather than lower.
I hope current investors hang in there and don't get shaken out.
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