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SGH

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54.5¢ slater & gordon limited

Share price post 31st August, page-153

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PatienceToWin

13,155 Posts.

1120

05/08/16

16:41

Post #: 18456045
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Originally posted by marcopolo3 ↑

Jack,

Chart is indicating that volume of short interest is at its lowest in the last 12 months, thats shown on the bottom of the short interest gif.

The top graph, which plots the price against the short interest ratio, for me indicates that short positions have lost the ability to drive the SP down since we ironed out our deal with the banks. The latest spike in the short interest ratio would be in my opinion due to the low volume of total trades as short interest ratio =short vol/ Total Vol

When I first got into SGH in march I thought that despite all the problems the company was grossly undervalued. I feel that market sentiment has a big part in this.

If you look at the trends in the short interest ratio from august 2015-feb/march16 you can see this stock was very profitable for short sellers. Since our bank deal volatility has been lower and these short sellers are not making profit.

What I think this means is that the price currently is at a literal bottom, under it's true value regardless of the outcome on the 31st.

A good result could mean big things come the 31st. The banks don't back losers. All personal opinions.

Cheers

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Love it Marco......Im still calling Monday August 15 it will start to move up fairly quickly!! 2 weeks out from the ANNC.

SGH Price at posting: 42.0¢ Sentiment: Buy Disclosure: Held
6 Upvote

0 Great analysis

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