SGH 0.00% 54.5¢ slater & gordon limited

Ann: SGH response to media reports of class action-SGH.AX, page-155

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  1. GC8
    1,890 Posts.
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    Yes I agree. I guess the key is to try and minimise the "horrible losses" and the only way to do that is to cut losses quickly....for example at a defined %. However, if you don't use that sort of strategy then you have to make a hard decision and draw a line in the sand in terms of "future returns" and sell (crystallise the loss) if you expect that you can get a better return from another share.

    I also agree about SGH being a good performer by this time next year.....it is a pretty good risk:reward play. I reckon a good approach will be to pyramid up (adding to overall position) as the SP rises as per example: http://cadencecapital.com.au/wp-content/uploads/2015/04/staged-entry-and-exit-points.jpg
 
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Currently unlisted public company.

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