STO 0.63% $7.94 santos limited

I sold today I thought it was a little oversold so had a punt a...

  1. 125 Posts.
    I sold today

    I thought it was a little oversold so had a punt a week or two ago. Didnt make much

    Long term, i believe it may be still a good buy
    Short term it could also possibly bounce back to $6 just on momentum if the oil price hangs at this level or creeps up.

    But, AUD/USD is in a long term downtrend.
    Who knows what oil will do in the next 6 months? back to 60 or down to 40?
    I think we are still firmly in a bear market and if the asx200 breaches 5000, look out.
    Debt is bad...enough said

    Its possible that all these negatives have made this stock a bargain, But there ARE alot of negatives.
    Its back in the "too hard basket" for now. But ill be keeping close watch
    Last edited by Wulfgaran: 18/09/15
 
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