RE:What is the next step for SVC to propel share price growth?Great posts MGVFWD and MUGMOD!
I have been holding SVC for about a year and a half now and have not sold any of my position as of yet. I think we will be at $3.00 by the end of the year.
I agree with the vast majority of what both of you have said in your posts. In saying that it seems to me that in watching SVC daily over the past year and a half that it trades pretty much exclusively on news and momentum. Obviously the Q3 results cause some great momentum, but I feel we will now see a bit of a pull back, my guess is to around 2.35-2.45. Over the last couple of days of training much of the momentum and volume has fallen out of SVC. I think we will have a nice bounce if we have a new large PR, and we will gain momentum again as we get closer to the Q4 results.
In saying all that I believe SVC is a hold right now, and think all should be prepared for a bit of a pull back. It’s nothing to panic about though, we will have a nice bounce up thought he end of the year and the start of next year!
Good luck to all the longs!