Institutions exiting and Retail punters buying the lot.
This weeks figures will be interesting, as I suspect the major line of support at 22.5-23 cents would have cost the insto's some coin as they continue to prop the share price.
Although the trend is a run for the door, it has become increasingly difficult for them to move any volume of significance as the only net buyers are Mums n Dads.
The alarming observation is the absence of any willingness by the insto's to manufacture a pump and dump. Although this may still happen, it looks increasingly unlikely. The prospects of SGH going into VS or worse any day would account for this IMO.
With some 13 trading days left in April, the time for a pump n dump rally is disappearing fast. I mention this because the insto's have clearly been involved in the previous pump n dump rallies to facilitate their exit strategy.
Will it happen again? - time will tell.
SGH Price at posting:
21.5¢ Sentiment: Sell Disclosure: Not Held
