I think tomorrow will see more selling, the UK regulatory authorities have to hand down their findings before this moves up IMO. There may be complete separation between SGH and the Quindel parent company but the market is less logical and likes clarity before moving ahead.
The big players will jump in alright but not yet only got to look at DLX, FXL, FLT, SEK, REA, IFL all very recent casualties of 'surprise announcements'.
Bright side is there will be opportunity to average up once the doubts are categorically removed, lawyers rarely give accountants time of day - well this time its cost big.
SGH Price at posting:
$5.06 Sentiment: None Disclosure: Not Held