I think DSH would offer another good trade opportunity tomorrow.
SGH, dropped to 89c, bounced above $1.30, dropped to 94c; lots would think that was absolutely bargain. But next day dropped to 59.5c ...
DSH, is unlikely to make any profit after today's written down in inventory.
Increased loan by $70m last year.
Bad media press today and later, margin calls (55% on Comsec)
Already bounced over 70% intraday...
I think reward/risk ratio is not good at current price 33.5c.
All IMO.
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- Daytrading November 30 afternoon
Daytrading November 30 afternoon, page-12
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