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54.5¢ slater & gordon limited

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Fishinnick

22,678 Posts.

266

06/03/16

10:23

Post #: 17199644
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Originally posted by Alex999 ↑

I did on and off, as I have posted before. There's a lot of things gone wrong too @SGH that couldn't be quite predicted exactly/timing (e.g. the Osborne reforms and the extent of the misleading by management on missing guidance). I've missed legs down too as I have posted before.

I gave up posting HC about 4 years ago and have really only posted any substance since on one other stock (from last year only few posts - 'Buy' - and almost no discussion this stock HC).
I think I explained it jokingly @SGH when someone posted that my song was "You're So Vain" in response that as the song goes: "You flew your Lear Jet to Hotcopper to see the total eclipse of the sun" ;).
I was a painfully arrogant know-it-all from day 1, you might recall, and I will challenge you to find one material factual point down I have been corrected on since by another poster.
The last $1 was almost pure retail in my view and worth posting HC and getting the non-stop flaming/abuse you get on HC to post as a 'Sell' to try test and tease out views. It takes lot of effort. There's <5 people who have really listened to me @SGH I am aware of, so my views don't really influence it's just a debating forum. There was no point posting before that - instos definitely don't argue their views out on HC, in fact usually pay zero attention to HC.
From $1 or below also much riskier to short and more about courage of conviction / timing. And also bit fun to make an effort on HC as part of process.
Believe it or not some people trade and take positions without posting about them to HC! I posted as long in thread on HC months after taking large position (and have posted in another stock short after position too). The long is up 115% since posting and the short down 30% - of course both more since taking the position. There's many positions never posted. As far as investment goes, I prefer to get paid in cash or appreciating liquid stock not in upvotes. ;)

I don't have much to say now @SGH because I have said it already and there is no news scheduled for a while. If I was long my biggest single concern in next weeks pre-news is a big story breaking about bunches of lawyers in Australia leaving Slaters to set up own firms. If this kind of thing happens on large enough scale, it is going to be game set and match.

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Have you thought, or can you see a solution for the mess Sgh is in. What real options do you think they have to get through this period.?

SGH Price at posting: 37.0¢ Sentiment: Sell Disclosure: Not Held
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