Long
SMF - Bottom Fishing after "events"
Updated
Picked up a position in SMF today. SMF has some work to do to get the their main mine back up and running after some bad shit.
I like the company from a fundamental perspective. They seem to have formed a nice base here at the 2.75 level. MACD and DO crossover. RSI oversold
Stop at 2.58, price target of 3.5
I like the company from a fundamental perspective. They seem to have formed a nice base here at the 2.75 level. MACD and DO crossover. RSI oversold
Stop at 2.58, price target of 3.5
Note
My stop has been triggered, tho tempted to double down, I am out of this trade for the time being.Note
Looking for re entry at the 2.40 level or other signs of life. This drop appears to be on the back of a news release stating the mine will not reopen this year. Which I think was obvious at this point. Shrug. I still think it's a good company with a real value closer to 5 when when things clear.
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