SGH 0.00% 54.5¢ slater & gordon limited

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  1. 4,775 Posts.
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    But your reality was that if 69c was not broken (to the upside of course) by the end of this week, you would be selling and the share price would be a disaster. No arguments or questions.

    I said 69c may take a little longer to breach but was told by you I was wrong.

    Now you are a long term hold....bottom draw...not gonna look at them.

    Now your just giving us some simple TA support and resistance levels.

    Just for the record, SGH may still be a good recovery story and I wish all holders the best.

    But I sold at 51c.

    To me, the company has just gone from an exceedingly bad performer, to just a bad performer. And that is excluding all of the one-off items and restructuring type issues. The underlying numbers just don't seem good enough.

    Especially considering the many risk factors that keep popping up, along with too much debt being lugged around.

    Happy to be proved wrong...been an eventful ride. And I'll be keeping an eye on them and will certainly be a shareholder again if the tide turns, or if they look cheap enough again.

    Milesy
 
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Currently unlisted public company.

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