Loading up the truck, page-661

• Profile
• Follow

fffoyzer

424 posts.
Date:
15/01/16
Time:
14:59:10
Post #:
16804452
Start of thread

ok lets get a a bit light hearted at my expense

Foolishly i made SGH my only holding(i laughed at the proponents of diversification)... no cash reserve or other stocks left @ Average of 2.72 ..... i know i know im a clown.... but its been a hard lesson learned

sitting at .65c now i have about 24% left if i cash out...... if doomsday happens i have nothing left. My big fear is a dilutive CR and or administration as my investment time is long

What would you do in this shitty situation

1. Sell 100% and try build up my portfolio again
2. Wait for the announcement and decide after
3. Sell half and hedge my bets
4. Turn off the computer and look again in 2017
5.Cry like a baby
2
ReportQuick replyReply with quote

SGH (ASX)

Price at posting:
65.0¢
Sentiment:
Hold
Disclosure:
Held

I would switch the PC off. come back on Jan 2016 ANN


Then check back at 1 H FEB 2016 numbers. If company says they R going to make it,


then I will check on full yr numbers 2016.
After that I will make a decision if the company is going to survive and business is getting profitable and SGH stock price is OK, Now I will start managing my RISK with stop ;acement for 50% of my holding and review it regularly on EOD basis chart.
GOING INTO ADMIN WILL MEAN AG going to jail for lying, misguiding and may B even accounts were cooked . only time will tell.
NOT GOING TO HAPPEN I THINK. I trust him and not the press.​