The future prospects for SAPPI are quite promising but if you look at the charts it still appears to trade downwards. I do not think that this is a poor 'investment' (long term) but then it will also not be amongst the best performers on the JSE for 2007 either. I am waiting for it to break resistance and are not going to tie up too much of my capital in this one.
Sappi is back at its Feb level and is looking like it may bounce again from 9850. This would mean a double bottom. 9850 has acted as support in the past as well, so this may be an important level. The overall trend remains down, but a bounce of 62% of the previous downward move will see a 5% profit. Can make it 20-30% with a SSF.