Business going well, page-26

Once again the MC argument is simplistic and one dimensional. MC goes up and down with share price and other influencers such as Dow Jones Index, China and various other indicies and announcements etc etc.
The banks have has 20%+ slashed from their MC purely because they didn't grow their bottomline as much as the market would like? not quite. The market is very fragile overall and hence anything less than stellar in terms of profit reporting and guidance is being market down circa 20%. That is the macro influence out there in the market place.
Yes SGH have added to this with PSD controversy and ASIC enquirey but the continued slump (sub $3) downward is the manipulators algos (which adjust to the volume) continue to screw it down to destroy confidence. STO, FLT, FMG etc etc.....volume means nothing.
SGH and other stocks with similar marginal grey clouds out there are being manipulated to discourage any buying and shake out the weak retail investors . The instos correctly have been smashed as well and agree it will taje a while to get them to return.
But contrary smart investors will absorb this at these levels and review in a few weeks the AGM then review again.
I attribute the fall as follows"
40% = PSD and asic
20% = market sentiment overall
40% = cowboys/manipulators

100% total attributable to fall in SP and MC