SDV 3.08% 67.0¢ scidev ltd

will this mark the end of selling..

  1. 1,063 Posts.
    lightbulb Created with Sketch. 61
    Not the announcement we were expecting.. but it can't be all bad surely.. otherwise, why would Macquarie want to cover them? (An announcement was made in which INL said Mac to start covering Intec in June).

    Let's think about.. Macquarie would have known about this. This explains why they have held off from buying. No broker in their right mind would release a cover report just before an announcement that could be seen as detrimental to the share price. But if Macquarie are about to start covering them, than that means that they believe INL is a good thing.. And this will be proved if Mac or any big fundies out there come in and absorb any selling that happens now, after the release of this announcement.

    So I guess its a case of wait and see..

    Cheers,
    Briyu.
 
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