SMF - Bottom Fishing after "events"

27 Kas 2019

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

4 Ara 2019

Not

My stop has been triggered, tho tempted to double down, I am out of this trade for the time being.

4 Ara 2019

Not

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.