SGH 0.00% 54.5¢ slater & gordon limited

High Court Judge has a crack AFR Wkend ed., page-74

  1. 1,125 Posts.
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    If that is the case Bruutz then you are ignoring your own learn-ed advice. Firstly you say you are holding a company that is according to you, in danger of going into administration and yet you are recommending others sell when you are buying to cover your own losses. It's great to hear that you went into SGH with a plan. So the plan was to buy high, take about a 30 -35 percent hit and sell low. Then correct me if I'm wrong but you keep on punting on a company that's apparently on life support whilst you recommend others sell even though you are still holding or indeed buying. Gee that makes sense, that is a marvellous plan, when your book of Trading tips by Bruutz comes out let me know, I'll take 10 copies just in case there is any danger they're going to sell out early. I personally have no issues holding SGH, I see it as a monopoly type business that appears to be in distress. Time will tell whether the distress has been overplayed or indeed downplayed. Most of my SGH holdings is in my SMSF-long term investment. It makes no difference to me what SGH's price is on a day to day basis. I'm far more interested in what SGH's price will be in five years time. It will either go bust as some suggest or it will learn a big lesson, make the necessary cut backs and pay down its debt burden over the coming years. If that is the case then all of this noise will be forgotten about and it's share price will recover if the business is carefully managed. Good luck with your trading
 
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