Can i ask what level you bought in at Milesy? Have you been a LT investor and sold out to curb further losses or only a recent investor (like me) and expected the turnaround to happen faster?
You mention SGH has gone from an exceedingly bad to just bad performer, doesn't that suggest a turnaround if not some momentum in the right direction?
You mention one-adjustments aside, the numbers or qualitative factors are still bad. What are you specifically referring to?
I am genuinely asking because I initiated my position in the high 30s and have accumulated up to 0.525 and can't see what all the fuss is about.
There is a lot to digest in the various announcements and conference call as well so I'm amazed that people are reacting so quickly. My only regret is not being in a position to buy more as I am capped out in my Super Fund. I have the cash but they only allow me to hold 20% max. in each stock.
SGH Price at posting:
49.3¢ Sentiment: Buy Disclosure: Held