SGH 0.00% 54.5¢ slater & gordon limited

Loading up the truck, page-1944

  1. 515 Posts.
    While things are quiet on here I thought I'd post this: -

    I appreciate some here will wonder what the hell does this have to do with SGH. Well, there has been a lot said about shorters and the consequences of short trading. Plus I have been trying to justify the current share price of SGH and for the life of me I cannot understand such a low value even after reading all the posts on here.
    The following came from a post by 'stayer" on a different HC Thread and it drew my attention because of the relationship it had with CDU. A friend of mine is related to the previous CEO of CDU (in actual fact he set the company up). He was 'outed' via borrowed Chinese money, they took over the Co after severe shorting occurred.
    If one extrapolates this to shorting of ASX Companies it could explain a lot. OK it may be a stretch but it gives light to what is the current trading status out there. And I would like to thank "stayer" for allowing this.
    "There could also be some short-term factors behind the rally. Traders for the past year have said a new breed of powerful Chinese hedge funds have been making huge wagers that commodities will fall, dragging on prices. The Lunar New Year starts next week and is likely causing some of those Chinese hedge funds to close out ...." Now I am out of the loop to some extent - I have no contact with people in the financial markets bar some of what I read on hotcopper , bloomberg free site and in the australian online. I am normally not big into conspiracy theories either! However: -Now that is the first time I have read that about the shorts from China , but I have been suspecting it!!! How do we believe any information we read about China... Has it been played with to help profit these hedge funds; and get lower prices for commodities as well , which is apparently saving China 500 billion u.s. dollars a year (bloomberg article a while ago). Are some of the hedge funds owned by the Chinese government?? I know plenty of western world hedge funds have been shorting anyway, plus we had massive withdrawal of funds from commodity hedge funds; and some further selling (by green led measures) of certain sovereign wealth funds, ethical funds etc!! This ( Chinese hedge funds shorting) makes me even more concerned about the Chinese takeover of Syngenta (see my comments on grains thread! ) . I think the western world is continually being played by the Chinese! Those forecasts of steel production of 1 billion tonnes from China that Rio and BHP put out? I am sure that bhp and rio didnt make them up without at least some guidance from the Chinese!! Anyway not all the accusations I have made may be even 80% correct, but I am sure that I am not real far away from what is happening!
    I still cannot justify the current share price of SGH without leaning towards this conspiracy theory. Rereading the posts on here does not justify the current share price. If it was of the order of $1,50 etc I can accept that with our current Ann 'blackout'. But of the order of 60 cents; it doesn't make sense in my eyes.
    At the moment things are quiet on the shorter front. Interesting to see what will happen after the Chinese New year.
 
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