The market has no faith in SDL at the moment, unlike FMS which is now up 11%.
We will be lucky to see a 43c close.
If one good thing comes out of today...at least it will stop those ridiculous posts about Chinese steel firms buying up SDL.
If anyone was wanting to buy into SDL, surely they would have started by 2.30pm given the hammering SDL has been taking all day.
Can anyone confirm a massive sell at 43.5c earlier today? Near on 2m stocks just disappeared, so I can only assume they were all filled by a massive sell.
Here's hoping for a significantly better day tomorrow.
SDL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held