Retail buyers were the main force over the last few months. I believe now it is in the hands of big players. One way or the other, these big players will get rid of almost all of us small traders/investors before pushing the SP above $ range. In my view, they have been quite successful so far. The company has surprised the market with a wonderful announcement, which has the power to propel SP into $ range immediately. It did not happen so far, but it will happen at any moment, probably at a time when we do not expect it at all. This is unfortunate because if the market has realised the real value of the announcement, we could have seen a few Hotcopper based millionaires yesterday.
SGH Price at posting:
52.5¢ Sentiment: Buy Disclosure: Held