Not sure if it's the right time to short SGH Jim, 68c double top and a test of the 200 Sma was. FY was terrible but not a complete disaster, in fact some light at end of tunnel but a long long tunnel. Debt due in 18mths as it stands, SGH needs to make 800 mil profit by then to pay it back, anyones guess if banks will extend again, still a risk of Big CR down the road, CA will more than likely happen imo. Market don't like being a mushroom either. AG and co still employed dosen't help either imo. I thought 40c would hold but am wrong so im adjusting my future view of a 35 - 65 trading range over next 6 mths. Just my views on the day.
Every share goes up and down and are tradable but much safer to trade quality shares with good management, no debt with high chance of future growth. You will need to learn a lot, from memory, NQOS floor trader method is a good starting point although not perfect by any means imo, google it. If you find any one thing that consistantly works let me know please.
SGH Price at posting:
37.5¢ Sentiment: Sell Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)