We get so used to a SP being pummelled that the first thing that comes to mind during a couple of strong says is it will decline. That would be true of course if sentiment remains sell, BUT if sentiment has changed then the logical thing to do is buy going up. The fact missed out on 15% is irrelevant to a stock now on an upward trajectory.
The $mmm question is how do we know sentiment has changed?
Not trying to influence and it is probably wise to be cautious and wait for the reaction after AGM. However, the seriously big gains are often made by those able to accept the risk/reward tilted in favour of reward and get in early.
Just for discussion. Not advice in any way. It is prudent to hold off and wait confirmation.
SGH Price at posting:
$2.99 Sentiment: Buy Disclosure: Held
