New posts

Reply to thread

Message

Hi Kid,

I've gotta say I think it's a crazy move to put all your eggs into a stock like Sundance. It's REALLY important you understand the SDL is a HIGH RISK - SPECULATIVE stock. The company won't product a single grain of iron ore for years.

It's because the stock IS high Risk and IS speculative that it tends to have higher highs and lower lows. The market has been very shaky since November last year and Investors have been expecting a correction or even a dive so when things happen they happen in a big way. Investors take the view "better the devil you know" so they tend to lean towards more secure stocks like energy and gold.

That said, I've purchased SDL at 39.5 today so I'm wrapped. My advice is to sell part of your holding in SDL and diversify more. That may not be an option if you purchased near the recent highs in which case all you can do is wait it out.

I still believe in SDL. Hope this helps.

<blockquote data-quote="tronic72" data-source="post: 244509" data-attributes="member: 12176">Hi Kid,I&#039;ve gotta say I think it&#039;s a crazy move to put all your eggs into a stock like Sundance. It&#039;s REALLY important you understand the SDL is a HIGH RISK - SPECULATIVE stock. The company won&#039;t product a single grain of iron ore for years. It&#039;s because the stock IS high Risk and IS speculative that it tends to have higher highs and lower lows. The market has been very shaky since November last year and Investors have been expecting a correction or even a dive so when things happen they happen in a big way. Investors take the view &quot;better the devil you know&quot; so they tend to lean towards more secure stocks like energy and gold.That said, I&#039;ve purchased SDL at 39.5 today so I&#039;m wrapped. My advice is to sell part of your holding in SDL and diversify more. That may not be an option if you purchased near the recent highs in which case all you can do is wait it out.I still believe in SDL. Hope this helps.</blockquote>

[QUOTE="tronic72, post: 244509, member: 12176"] Hi Kid, I've gotta say I think it's a crazy move to put all your eggs into a stock like Sundance. It's REALLY important you understand the SDL is a HIGH RISK - SPECULATIVE stock. The company won't product a single grain of iron ore for years. It's because the stock IS high Risk and IS speculative that it tends to have higher highs and lower lows. The market has been very shaky since November last year and Investors have been expecting a correction or even a dive so when things happen they happen in a big way. Investors take the view "better the devil you know" so they tend to lean towards more secure stocks like energy and gold. That said, I've purchased SDL at 39.5 today so I'm wrapped. My advice is to sell part of your holding in SDL and diversify more. That may not be an option if you purchased near the recent highs in which case all you can do is wait it out. I still believe in SDL. Hope this helps. [/QUOTE]

Verification