Well, I think Superloop will be a real litmus test for the tech market atm because the sector is definitely undergoing a pullback after some huge gains. OLV, CM8, MTL, today's TOM float - all struggling after being touted as something special by various commentators.
There's a fair bit of Slattery premium or goodwill built in to the float price so I'm going to go a more modest $1.10 close with an intraday high of $1.20.
It's a good thing the free-float is tight with this one and I think that fact has definitely helped FFT, for example, which also recently floated with a lofty valuation, based on earnings.
Well, I think Superloop will be a real litmus test for the tech...
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