Hi MrMickles72. You are spot on. There is a move away from insto support for resource stocks (small to mid cap) and hedge funds shorting for the current environment. How low? Hard to say but could go lower as they press down on the pedal. At some point, there will be a reversal and I suspect that it will be a short covering frenzy with a race to close out. I say this as the move down has been consistent but "corrective". A retracement is likely to be "impulsive". That being a quick move back to .43. The risk reward now is very much IMO in our favour. When the bottom is found, and I think soon, then we will see a move up that will be significant. It is hard to pick where that is - the best guide I have found in my decades of trading and investing is when you have had enough and just want to get out. (called "capitulation") We are in IMO closer to the low that the high. Just IMO. I am a buyer big time right now.
SDL Price at posting:
36.5¢ Sentiment: ST Buy Disclosure: Held
