SDTH - Taking Another Trip to CHINA
Wednesday, October 10th, 2007Quote from: davidrosshall on Today at 06:28:19 AM
“Cameron,
What do you think about a revisit SDTH? The volume has been pretty nice of late and it’s still undervalued to peers and hasn’t caught fire as other PRC issues. I reviewed the fundamentals and believe the market does not take into account the recent acquisitions to Q4 and 2008 bottom line. Would you wait and watch for more consolidation at the $6.50 level…some of these bad boys do go “off to the races” October to January.
David”
Hi David,
SDTH had gotten away from me previously. After seeing your post this morning i took another look over SDTH’s current situation with the chart and like its positioning with yesterdays bullish hammer candle off of the 13ema and post consolidation from the breakout to new highs.
I wasn’t able to trade this the way i wanted in the past due to unusual volatility against my bullish sentiment which scared me off running to cut my losses without looking back. Though now this chart looks bullish again and the fundies are still rockin with this stock still looking particularly cheap against the industry with a future fair value around $18/share.
I took a long position today following the breakout on the intraday chart as well as the indication of the 13ema support bounce.
Thanks for the heads up David, I owe you one 
Long SDTH 6.80
