Bigsy07 you seem a little butt-hurt? Whats wrong mate?
And to correct you, I did have a plan - I exited SGH, took my loss and then I will wait on the side line until their is a better entry point. And during that time I made 50% back on any losses I took from SGH.
The problem with you Bigsy and many alike - you probably entered at $1.30 or more - which means you will have to wait until SGH doubles from it's current price before you even start making any money whilst holding onto the administration risk which could still kill SGH.
Let's say SGH gets some good news like they have an active plan to restructure their business and debt and they also have some short term bank support (for the time being) - I could upon receiving that news re-enter SGH at something around 0.80c. which is still better then you!
If you believe the above news would push it up instantly to $1.50 or more you are delusional.
SGH Price at posting:
59.0¢ Sentiment: Sell Disclosure: Held
