SDL 0.00% 0.6¢ sundance resources limited

standoff, page-50

  1. 1,107 Posts.
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    G'day Undercod,

    If there is no announcement next week, I will be a bit dissapointed. Dissapointed in the fact that there was no announcement, and dissapointed in the fact that I called it wrong.

    Will I sell??? No, because I am still confident in the long term success of SDL, but my attention will turn to the date of the meeting in November, as I doubt an announcement will be made on August 31st itself, leave me out of that. I also doubt that an announcement will be made in September, because if that is the case, why wouldnt he have just stayed on until then.

    I do expect a retrace in the share price, if there is no announcement next week, as I think there are going to be a few dissapointed shareholders, that decide to just give it away. With that said though, this will provide good buying oppurtunities for shareholders still looking to accumulate.

    Will I be looking to buy more? I am comfortable will my holdings at the moment, and have average around 16.5c, so I will probably only be looking to accumulate if they fall well below this price. But at the same time, if the fall well below this price, my confidence will probably take a bit of a battering.

    I have spent more time researching SDL, then I spent studying in my entire schooling life, (That probably explains why i failed my HSC) and everything just seems to be adding up. I was confident enough in my research to back it up with cash, and I am confident enough in my theory (Pythagerous's Theory) to come out and share it with others. I did so knowing that there is a big risk I could be wrong, but I am backing my judgement.

    It would be easy for me to sit on the fence, and say nothing, but I thought I would take a punt, just this once.

    Apart from getting a lecture from my Mrs if there is no announcement next week, I am also prepared for the onslaught of egg throwing from some Hotcopper Members.
 
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