Took my own advice and sold a smallish parcel as soon as the 'no new conductors' comment was read, along with the generally disappointing announcement.
I am always so nervous whenever I sell SIR but try to look at it like a short sell, buying back the shares at a lower price. Same number of shares, but with a profit to boot.
Will keep a close eye on it, but around the 2.25 would be a good support level to re-buy. Unless of course one of those left field announcements comes in. Risky!
Milesy
SIR Price at posting:
$2.53 Sentiment: Buy Disclosure: Held
