SDV 1.20% 41.0¢ scidev ltd

the week ahead

  1. 146 Posts.

    It was a good week for INL, both for day traders & long time holders. The high volume after recent announcements suggests it being held tightly at the moment. The support around 1.7-1.8 cents has shown some resistance, then again it can easily fall with a single big sell order.With the DOW closing low on friday and a few other specs looking reasonably sexy (eg FMS) might trigger short term holders to exit.However, the upside is huge, provided the next announcement is positive.

    Any thoughts on the SP for monday?


    Cheers
 
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