You think so? No more than a call based on market sentiment that happened to be correct. That has little to do with knowledge, insight or anything really.
It is easy to call a dud a dud when it is declining. In my humble opinion the majority of retail investing is making a story fit a share price. Remember even the aggressive Tumbleroll was buying SGH up to 2015 AGM. Therefore Rolly-Polly have been a believer in the PSD story - plus most if not all the 'told you so' on here were not in existence until the precipitous fall after AGM 2015. Even the affable! Alex didn't come onto the scene until the SP had dropped 70%.
Nothing wrong with following momentum and making a call based on the chart but don't confuse that with knowledge of a business. I take far more notice of the tea leaves in charts these days.
"It ain't what you don't know that gets you into trouble, it's what you know for sure that just ain't so"
That is my favourite quote to sum the SGH saga.
SGH Price at posting:
3.5¢ Sentiment: None Disclosure: Not Held
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