Forum Archive Index - July 2001
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[sharechat] SCL (Southern Capital Ltd)
< I would appreciate opinion from either fundamentalist or chartist regarding
this stock...disc... hold a few.......... cheers Keith >
Don't worry about what fundamentalists or chartists think - what do they
know? The only really important question is "What does the market think of
SCL?"
Well ....... it listed at $1.00. Now, over 4 years later, it is at 84
cents. That's what the market thinks of it. It dosn't matter what its
fundamentals are. It is so thinly traded that I couldn't even draw a decent
chart, let alone interpret it.
Keith, this stock has on occasion gone for 5 consecutive trading days without
a single sale. When it does trade daily turnover is often less than $1000. What
got you into it?
Regards,
Phaedrus.
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