I'm still of the view it will not got down much further from here. Pretty sure it will hold $7 and could push back up to $7.40 and soon or just go sideways for another week before the buyers come back.
This is just my technical opinion.
Break of $6.85 than we could see a pretty decent sell off but I can't see that happening with these low interest rates (plays a big part for Syd because of their large debt levels) and talks of another cut.
I pulled the trigger and bought some cheap calls yesterday with a $7.00 stop loss so I am interested in see the stock higher soon. Just thought I should disclose that.
SYD Price at posting:
$7.03 Sentiment: Hold Disclosure: Not Held
