IG has now allowed shorting of SGH, was not able to short for...

IG has now allowed shorting of SGH, was not able to short for the past 2 weeks. What I have learnt is that when the CFD provider allows shorting it means it wants you to sell back into ppl who held shorts previously, to push down the price so they can buy back at better profits. Another indicator that the SP will rise.

If you are holding med to long term, today's action is confirmation that the SP will rise in the future. If you were to buy shares today it should give you some handsome return.

cheers pcyc