Jbergh - I just sold out again yesterday! happy to take the 25c profit on the trade. I am not a trader by nature and prefer to sit and hold but with SFR the 20 to 30c swings over a number of days makes it pretty hard not to go with the swings.
The problem for me is not the company itself but the global environment. I think the market has now over shot the Brexit recovery and is due for a pull back. SFR is not immune from this. Also the data from China is still not great. So overall I am a bit of a pessimist re stocks (except for a very select few).
Anything around the $5.30 mark is probably a pretty safe hold. Having said that it would not surprise if it gets down to the $5.00 mark again in the not too distant future. I am more than happy to buy around the $5.10 mark. Not that long ago I was buying sub $5.40's and selling at circa $5.70's so I guess my sentiment has weakened a bit.
I still believe SFR is a quality company with enormous upside potential. I don’t want to miss the long term upswing but I still think we are good 12 months away from that so I am happy to do the odd sneaky trade. I guess time will tell but my finger is poised to buy again next eek if the opportunity presents.
Cheers
SLC4me
what's going on??, page-16
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Last
$10.34 |
Change
-0.100(0.96%) |
Mkt cap ! $4.190B | |||
| Open | High | Low | Value | Volume |
| $10.42 | $10.52 | $10.34 | $3.653M | 350.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 976 | $10.34 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $10.35 | 8141 | 27 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| SFR (ASX) Chart |
