re: sgw - new managment
I think at this stage SGW can go anywhere.
It could recover strongly, this could have been its low, over-reaction by gold anaylists whom follow the stock and don't understand the large component of tantulum of SGW revenues and focus on gold and particular the Tam mine which is going to close anyway in 2006.
It could go down to 2.34, maybe even 2.15 or 2. But could V-recover.
New managment is on board, and I think we shall hear from them, and its always a good thing since they can blame the other captains of the ship and the funds love now blood on the top.
Hard to predict now, taking a position is the only way to make money...
Its easy to keep saying it will go down, more skill is timing the bottom.
Sudden drops can be bottoms, like the one we saw today.
Anway, SGW will almost certainly run in June, when the tantulum contracts are drawn up.
SGW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held