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28/01/17
10:07
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Originally posted by ChristopherC
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I take this to mean you are tempted to have a tilt at a short term dabble.
In support of your read i will remind punters that SGH has traditionally run up in price before half yearly reports only to be sold down after the event. My previous strategies have been to buy several weeks out , come to think of it about now would be appropriate, and sell a couple days before. Risks are that there could be a trading halt prior to announcement and i dont think SGH has nominated the date, which makes it more difficult to predict , so you may be caught holding till after the announcement, which may be negative based on historical patterns but could be positive, who knows. This is solely my opinion and although i have pocketed some coin in the past, this time i am holding off due to lack of funds and there are inherent risks with this trade.
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I wouldn't say im tempted, the fundamentals are too far out for my risk limits. Just highlighting some of the bullish Ta for GC8 and others interested.