But unfortunately SGH has become a penny dreadful plaything....

But unfortunately SGH has become a penny dreadful plaything.

Looking at the trading and the broker data, it's obvious that retail (mum,dads and daytraders) are all fighting each other over a pip here and there.....red or black type fun and games.

For a sustained price increase to occur, the institutions have to become involved again and that won't happen until they have guidance (which is believable) and/or results.

If that isn't going to occur until August, then the share price will keep falling, albeit with some days like today in between.

It's ugly.....

But I keep re-reading the refinancing announcement and feel sure in the medium term this will be a solid investment, however I bought in (too early) on the expectation that, armed with so much information which has been passed over to the banks, that the market would also be informed.

I should know that the 'level playing field' analogy just doesn't apply in the ASX casino.

Milesy