GREY:SCSZF - Post by User
Post by
netgenxon Mar 14, 2012 11:57am
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Post# 19668488
the way forward
the way forward It's hard to see much more upside for SCS for awhile
the failure to track the market move yesterday probably signifies a near term top in the share price.
The most likely near term catalyst is a potential T/O with the main speculation focusing on CPG.
Having just completed a large aquisition financed by an equity raise, it's hard to imagine how they could do another as large as SCS in less than the next six months.
Given the solid run of late I expect we'll see a return to support at $3.20 area in the next month.
As I have noted before I am long SCS and will use a pullback to add
GLTA