Only in the past month, AJX and BRN made significant announcements only to have their SP drop by ~30% in the following week as those who bought in the rally up to the announcement quickly sold after it.
I agree with you here; SGH is not a spec. I can't see the same thing happening. It is extremely undervalued as it is already. I am hopeful the ASIC issue will be finalised at the AGM, and after Friday the SP will blow up. All signs point to a positive announcement at the AGM. I couldn't possibly imagine the directors walking into a room full of angry investors (some of whom bought in at $8), delivering bad news, then having the audacity to ask for an annual pay rise of $300k. From what's happened already so far this week, those waiting for the confirmation on Friday will miss out on some of the action.
SGH Price at posting:
$3.00 Sentiment: Buy Disclosure: Held
