That guy who apparently sold four of his houses to buy SXY and said there was going to be a takeover (when the share price was in the mid 40s) must be hurting.
Needless to say, the whole market is suffering at the moment, especially oil and gas stocks. Look at BPT and STX. Our share price will recover.. the eastern seaboard of Australia still desperately needs gas and we’ll have lots of it next year.
SXY Price at posting:
28.0¢ Sentiment: Buy Disclosure: Held