If I understand correctly, those who purchased long positions such as me for example bought shares at $4 thinking SP would go up and it didnt. So for SP to plunge to $3.50, you decide to buy short positions to prevent further losses. Then SP plunge all the way to $2.50 and you only have losses up to $3.50. Until SP go back to $3.50 then you are back to where you were and you close short positions. Then SP go to $4, you have zero losses and hopefully start to make money when SP go above $4. Mighty, did I get this right? I never had experience shorting shares and I hope I do not have to in the near future!
SGH Price at posting:
$3.07 Sentiment: Buy Disclosure: Held
