1. Most Discussed
  2. Gainers & Losers
SLT 0.7¢

up next week?...

  1. trade4profit

    15,276 Posts.
    Given today's persistent seller...who I assume is the guy who converted the 200K SLTOA options...I take it as a good sign that 77c has held yet again.

    So...my guess is that if it can hold 77c again tomorrow, next week should be a good one!

    In case you hadn't noticed...if SLT trades less than about 390K shares tomorrow...it will be the lowest traded week (by volume) since they re-listed.

    When you consider that the shareprice has been in a down-trend this week...the fact that it has done so on such low volumes, in my opinion, bodes well for a strong bounce when the buyers finally return.

    Until this week, the previously lowest traded week (by volume) was the one ending August 1st...and significantly, it was immediately followed by the highest weekly gain since SLT re-listed!

    Let's hope history repeats!


Before making any financial decisions based on what you read, always consult an advisor or expert.

The HotCopper website is operated by Report Card Pty Ltd. Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, you should before acting on the information or advice, consider the appropriateness of the information or advice in relation to your objectives, financial situation or needs. Please be aware that any information posted on this site should not be considered to be financial product advice.

From time to time comments aimed at manipulating other investors may appear on these forums. Posters may post overly optimistic or pessimistic comments on particular stocks, in an attempt to influence other investors. It is not possible for management to moderate all posts so some misleading and inaccurate posts may still appear on these forums. If you do have serious concerns with a post or posts you should report a Terms of Use Violation (TOU) on the link above. Unless specifically stated persons posting on this site are NOT investment advisors and do NOT hold the necessary licence, or have any formal training, to give investment advice.


Thank you for visiting HotCopper

We have detected that you are running ad blocking software.

HotCopper relies on revenue generated from advertisers. Kindly disable your ad blocking software to return to the HotCopper website.

I understand, I have disabled my ad blocker. Let me in!

Need help? Click here for support.