SGH 0.00% 54.5¢ slater & gordon limited

Is there a bottim to this ?, page-12

  1. 3,827 Posts.
    lightbulb Created with Sketch. 79
    - mug punters who think it's "cheap" seeking an entry point: "Be greedy when others are fearful"
    - long term mug punters averaging down - still believe!! in fact they are "certain"
    - shorters forced to cover recall of borrow
    - day traders trying pick intra-day moves
    - institutional short term traders also trying pick short term moves (same idea as day traders)

    Price can become self-fulfilling prophesy when this indebted and troubled - feeds into staff morale and attitude lenders and suppliers - and the 10% chance I quoted for hope of stabilising and then recovery starts become 1%

    They need some good news fast to stabilise.
 
watchlist Created with Sketch. Add SGH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.