You are 100% correct in saying that the longer term "bulls" have been worn out by time and the recent bounce on the banking syndicate news and retracement has broken them. However, this is exactly how the market works......people are grinded into submission and end up selling at the wrong time. It would be better if they put the shares in the bottom drawer for 6 months and have a break.
BTW I am very confident that this will reverse and my long term indicators show that the needle has turned so whether it is this month, next month or in 6 months time the SP will be significantly higher.
SGH Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held