Only the most dogged, naive or cerebrally challenged holders will have retained their shares in SGH. Most of these will probably hold them until the bitter (or indeed sweet) end, whenever and however that comes. Others may seek a target price that is advertised, but this will quickly disappear into the ether if any serious selling is attempted - the market makers won't take the shares if they don't have buyers on their books. Buyers are probably people who don't understand that the value of what they're buying is fundamentally dependent on the actions of a limited number of hedge funds and investment banks acting in concert who have total control over the company and anything that happens to it (and the 5% minority). They undoubtedly have their own interests very firmly in mind.
There's simply more demand than supply on the tiny volumes presently being traded. It is as close to a false market as it is possible to get imv.
It is just a view - maybe SGH will turn out to be worth gazillions but that doesn't mean the 5% minority will see any of it. It's totally outside their control. Actually, at $4.30 per share, 'the market' is suggesting SGH is presently worth $300m. Do its profits/future prospects and other circumstances really support this?
Wake up and smell the coffee.
imo/dyor
SGH Price at posting:
$4.90 Sentiment: Sell Disclosure: Not Held
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