mime said:
Do you guys think it’s a good thing for the stock price? Do you guys think the trading halt has saved SUN from the major fall on the market today or the fall will catch up with the stock?
Dear Mime,
You and all your family will from this day henceforth be paupers and dependent on the queue at DSS with the local Ice wholesalers and retailers.
Seriously though, grab a coin and flip it, heads the market will go up, tails down. Nobody knows. Basic charts on ASX and o’seas indices indicate a downward trend beginning.
If you are a short term investor I’d suggest getting out. A medium term i.e less than 6 month view get out. Long term debatable, I’d suggest stay in as this is a minor correction in the the long term. SUN I hold , and have since listing. Also Promina. I’ll hold and accumulate unless market tanks +++ in next few weeks.
ASX is way well above due a correction on long term charts.
Garpal
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