I don't expect to ever recoup my loss on this stock - but I reckon there might be a bit of a turnaround I can exploit, maybe on 2H results.
Risk/reward?
I don't think it will diminish much further - but I've been saying that for 18 months and where did that get me.
Selling what's left wouldn't give me much dosh for inroads into anything else and if it evaporates I'll just take it on the chin.
In the meantime I got something else going on which appears to be paying off right now so it's a wait and see situation.
Regardless, I've decided to wait unti 2H results before I decide to stay or go.
But no matter how it turns out - I likely won't be staying around SGH for much longer. I'll take what I can, if it turns up, and run.
In the meantime, I wonder what AG's doing right now in his retirement.
Maybe get his old job back at MB if they'll have him.
I've no sympathy - he was warned.
Can you believe it, $2 billion of ordinary people's saving evaporated - all in the space, realistically, of about 6 months and and an aussie icon with an 80-year history now in the hands of a financial Dracula on a different continent.
Can't wait for the mini-series.
SGH Price at posting:
7.4¢ Sentiment: Hold Disclosure: Held
