I don't see it that way, and holders will suffer trying to play that game. These results, whether they hit their forecast or just short, will prove to be a re-rating of the company. Further, there has been no speculative growth built into SP, thus no basis for short term profit taking from traders.
If the profits are equal to or slightly less than anticipated, then fair value is 60 -70c, without taking further growth, additional milestones, and product development into consideration. Therefore, those that try to sell at 50, thinking they will get back in mid-40s etc, will be left short IMHO.
The last few days have been careful accumulation i.e. $200k + vol each day with 0.05c price pops. Hence, I don't expect the SP to run pre-announcement. It will run after.
Yes, we've all been frustrated, but the company is soon to announce significant profits, and by logic - dividends in the near term.......it can't stay 40c forever!
STL Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
