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I posted on this thread on the 19th of June that SDL has the potential to go to $6-.I have sold my holding in SDL.Why ? (I would like others to tell me if I was still the holder)1) The price has 3x in 2 months. 1.2 billion shares turned over in that time. For my liking the turnover is not enough considering many of the same shares would have turned over many times. Concerned that 1.6 - 1.8 billion shares are out there.2) The directors of SDL have exercised about 40,000,000 options over three recent dates which did not need to be exercised yet. I see only one reason why. That is to sell soon.3) Has a BUYER manipulated this stock on purpose or not? That is a major question!A recent purchase by the BUYER reassured my purchase at the time of my average of $0.45. But if you take an average of this BUYER’s purchases over all their holdings their average price per share is approx $0.18 in SDL. (a long way from my average of $0.45) In fact if they sold their holding (if it was possible to sell all of them at about $0.50) From the BUYER’s outlay of approx 25 million they can make nearly 50 million profit now in just a few months. I researched two other companies which has involvement with this BUYER. I found a very similar pattern with one of the two stocks and this stock has increased in price like SDL in recent months. Both SDL and this other company had/has good potential and low market caps. However the BUYER has not appeared to have sold down either position to their credit. But they can at anytime and make perhaps only 100%. 25 million profit in just a few months leaving the share price a bit damaged.4) We are assuming that there is at least 700mt. What happens if 700 million tonnes is not found? If it is found SDL can get to $6- per share if everything goes well. There could be some massive highs and lows on the way though. I purchased at $0.45 average. This buy figure I am not happy with under these circumstances. “Peakey” posted a chart (Charts I don’t usually pay too much attention to) when I was about to buy at $0.25. (perhaps a bear market he said) Then in a blink of an eye the share went to $0.50. I considered buying at $0.16 then at $0.25 and then I found myself owning at $0.45.I’m out because I purchased too late. Good luck guys.
I posted on this thread on the 19th of June that SDL has the potential to go to $6-.
I have sold my holding in SDL.
Why ? (I would like others to tell me if I was still the holder)
1) The price has 3x in 2 months. 1.2 billion shares turned over in that time. For my liking the turnover is not enough considering many of the same shares would have turned over many times. Concerned that 1.6 - 1.8 billion shares are out there.
2) The directors of SDL have exercised about 40,000,000 options over three recent dates which did not need to be exercised yet. I see only one reason why. That is to sell soon.
3) Has a BUYER manipulated this stock on purpose or not?
That is a major question!
A recent purchase by the BUYER reassured my purchase at the time of my average of $0.45. But if you take an average of this BUYER’s purchases over all their holdings their average price per share is approx $0.18 in SDL. (a long way from my average of $0.45) In fact if they sold their holding (if it was possible to sell all of them at about $0.50) From the BUYER’s outlay of approx 25 million they can make nearly 50 million profit now in just a few months. I researched two other companies which has involvement with this BUYER. I found a very similar pattern with one of the two stocks and this stock has increased in price like SDL in recent months. Both SDL and this other company had/has good potential and low market caps. However the BUYER has not appeared to have sold down either position to their credit. But they can at anytime and make perhaps only 100%. 25 million profit in just a few months leaving the share price a bit damaged.
4) We are assuming that there is at least 700mt. What happens if 700 million tonnes is not found? If it is found SDL can get to $6- per share if everything goes well. There could be some massive highs and lows on the way though.
I purchased at $0.45 average. This buy figure I am not happy with under these circumstances. “Peakey” posted a chart (Charts I don’t usually pay too much attention to) when I was about to buy at $0.25. (perhaps a bear market he said) Then in a blink of an eye the share went to $0.50. I considered buying at $0.16 then at $0.25 and then I found myself owning at $0.45.
I’m out because I purchased too late. Good luck guys.
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