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Online Share Trading

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SIM Explanation Sought

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Not applicable
Please can someone explain why it is that when markets fall (1,7% yesterday)SIM does over 3%, yet when markets run (today up 1%) SIM is down about 1,4%. Alternatively, is SIM just a good defensive share in uncertain times.
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7 REPLIES 7
john_1
Super Contributor
I am afraid the forse is against you. When markets correct the shares that have given the best returns are often the ones to retreat first and fastest as people dont want to loose the gains. SIM has had a great run.
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Pleiades
Frequent Contributor
Remember also that SIM is a major s/holder of SXR who announced yesterday they were starting production.
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Taurus
Super Contributor
Hey Yoda..maybe you were on star trek but acording to my data Simmers has gained in the last 2 days...hope you working on end off day prices..intraday is something difrent..Simmers does funny things during the day sometimes.
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Not applicable
Noted, any reason as to why SXR took such a smack in the late afternoon yesterday?
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Not applicable
Thanks Bull Man - "Star Wars" not "Star Trek" the former is Art, whilst the latter is Crap. Thats my point SIM has gone up in a declining market - I am working off close off times.
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CE
Super Contributor
Missed SIM at 570c level last few days. Will see what happens next few days and hopefully will get another shot to double up.
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barry_1
Super Contributor
As far as i know they don't hold SXR ,but do hold Uranium One.
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