I also had to sell today due to receiving a margin call from my...

I also had to sell today due to receiving a margin call from my CFD provider.

I believe the reason SDL was so harshly punished today was more to do with many 'shareholders' owning SDL through CFDs where margin requirements are only around 20% for a stock that must still be regarded as slightly speculative (ie no earnings at present). Thus margin calls forced many to dump and esp when they hit 40 the move to 36 was sudden - many stops were hit and many were forced to dump.

Most speculative stocks require 50%+ margin through CFDs but SDL has become a little bit of a darling with small/medium traders/investors (therefore the reduced margin requirement).

I still believe in the fundamentals of this company and for the above reasons SDL will bounce hard when all such selling dries up and the mkts bottom.

In saying this I am waiting for a reversal pattern to emerge before reentering but I like many do not want to miss the boat on such a promising company