SGH 0.00% 54.5¢ slater & gordon limited

Banking Syndicate Approval - What has changed since?, page-24

  1. 1,128 Posts.
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    Hello Tumbleroll. All I am telling is that selling SGH now and buying different shares is not a good strategy at this moment. I was responding to another post which suggest it is a reasonable option. I am almost certain within the next two months we will see at least one day with SP at 60 cents. I have seen such minor rallies several times since May. If we get to 60 cents that is a huge 55% gain from current price. That is why I think this is the worst time to sell. In fact, if I were you, I will buy SGH now. Remember what happened to LNG about two months ago. SP went down to 50 cents and everybody started deserting. Suddenly, within two days SP went to $1.40 ( Yes, now it is back to 60 cents). My point is SP of well known companies goes up from time to time with or without any reason. So, do not sell at very low prices just hold until it recovers at least to some extent.
 
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