Had a look at the announcement last May - However since then you guys have had to cop that it was almost fake news in a way- one year on and those lenders have left the building-
Your correct that there is no demand now- and fwiw anyone trying to exit a large position now has no chance- the depth does not exist- just a thought - that announcement created enough liquidity for a lot to exit at that time- Positive news is sometimes what I treat with suspicion- IE in a lot of companies - it is often the case that a much anticipated good announcement can be met with heavy selling- those in the know use any of these events to exit large holdings-
I also think that you amongst the bulls has the ability to see things a little more objectively-
The way I see the 'argument' now is how will the hedge fund really treat the current SH-
I see a lot of hope that it won't be as bad as all the bears are saying-
I am not really interested in that argument- it is a bit futile- sometimes too many get sucked up in the right fighting on these issues - again- imo look at the general reality and forget about who is trying to prove a point- or alternatively - think about it like this-
If you were to trust anyone of these posters - bull or bear - who would you pick- in the scenario that you were not already holding-
I am challenging you to chose between comfort and intellect---
Now- just thinking out loud what would I do if I was stuck- here in this scenario with no extra capital to tip in- ideas? I will let you come up with the two possible safety moves in this particular situation-
I think the bulls are understandably defensive - but togetherness and hope does not rescue capital -
hint - IF and it is an if - you were to at least sell half your position- and wait for the recap- what do you lose? have a think about that
SGH Price at posting:
9.0¢ Sentiment: None Disclosure: Not Held
