Got my final swing trade entry today for the daily bullflag setup / daily higher low. Given the small amount of retracement from the high, if we break back through $1.60 we have a high likelihood of testing recent highs and a better than even likelihood (imo) of creating new highs. Good risk/reward setup.
Long term holding not touched and have no intention of touching any time soon.
Got my final swing trade entry today for the daily bullflag setup / daily higher low. Given the small amount of retracement from the high, if we break back through $1.60 we have a high likelihood of testing recent highs and a better than even likelihood (imo) of creating new highs. Good risk/reward setup.
Long term holding not touched and have no intention of touching any time soon.
One could wake up sometime in the new year and one may see a merger or takeover announcement - I pick at least $3.50 as a realistic price.
What's really encouraging is the low volumes. The insto's need to get at least index weighting in SKT and to date with these small volumes it's probably not them. I'm still thinking fair value is probably a dollar away based on earnings and the company's net cash position.
It's not really important. I didn't think that it was a realistic option for Sky to be taken over by Orcon or Two Degrees. Currently the company is strong enough and has enough (for the next 12 months, if guidance can be met) to grow it's share price organically.
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Originally Posted by JohnnyTheHorse
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