SWM 0.00% 20.5¢ seven west media limited

Up or Down ??, page-22

  1. 5,356 Posts.
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    Tymmsy, I think as the annual is not far away, investors are getting set. There is no option but to buy if you believe a good result.

    Buyers have had enough time with low volume, to gauge the seller is not selling below 10.5 greatly.

    Swm since 2/7 till now had 5 cracks to break 11c and failed. So today's 6th try for a pass would have had TA traders buy.

    I bought as it was a signal. I'd been waiting for 11c to go after all these failed tries as I was unsure.

    Would be nice to get a decent annual to sooth investors on the books, followed by a asset sale.

    I think people want to really know there debts, revenue and cost status mostly.

    Either way swm is a bargain at 169m cap, esp if they deliver anything above 150m ebit.

    To me it's one of the best oversolds going around.
 
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