Thanks. Yeah not too worried by small movements. Just not as clued up on the fundamentals of this stock and sector as I'd like - so tends to make one a little more jumpy!!
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This is becoming a very frustrating stock to own. Another day, more good news and another reduction is share price....go figure ???
Can anyone give any reasonable explanation as to why the price has dropped so much the last couple days only 10 days or so out from the financial report, which from what I have heard should be positive.. Maybe it's not going to be quite as positive as what everyone thinks?? Inside trading? Somethings up and I cannot put my finger on it. I never thought we'd see below 3.30 again!!
Yep Moosie I think you can see this in this whole sector especially over the last couple of weeks,there's been some big volume days plus big individual sales over at Rym this last week for the observant,I think there's a lot of small sellers of Sum who don't understand the value and long term nature of the stock,as for a comment I saw somewhere on here quite a while ago that these stocks are no good for traders,that's nonsense,in fact if I was trading seriously these stocks and the likes of Tel would be near the top of my list as you know if you get it wrong you only have to bide your time to get out of jail IMHO
Definitely need to read the charts, if you don't understand spend more time doing analysis and research before investing. The last 10 pages should be a wealth of information, plus SUM's website (awards, reports etc). Glad they got the go ahead with NP. I purchased a little bit more today, think that will do it.
Completely agree with your couta1 and moosie_900. The evidence is all there, it's all about patiences!! Stocks actually do go down and up!
I agree the stock has moved in a clear wave pattern and its clear that ACC have been the biggest trader of the lot but if you subscribe to this theory I would have thought sitting right on the bottom of the trading channell and right on the 100 day moving average line that ACC and other large traders would have been buying this stock in volume at present prices of circa $3.30 especially after a more than 10% pullback from $3.75 less than a month ago and five minutes so too speak before the annual result, but they've been completly AWOL ? Its either a great buy at current prices or there's something that we don't know lurking in the forthcoming annual result. I think its the former.