Lots of fancy footwork by safcom since the bear commenced. It has been an almighty effort to keep afloat thus far helped by the growing bottomline, huge payout ratio etc.
The ultimate question is whether it will manage to dodge the bear altogether. I think not. The way I see it, the longer safcom continues to hold at current levels the longer the overall downtrend persists. After all, it ain't over till the fat lady sings.
Suppose we got to the 3000 mark with safcom yet to budge...that to me can only mean we still have a long way down. In other words, the faster safcom caves in the faster the market bottoms out.
The main purpose of the stock market is to make fools of as many people as possible.