I agree with you. I'm confident there was a lot of shorts covering today due those waiting for Quindell news (understandably it can't be good news so that's expected). That left other group of shorters holding off for ASIC findings which may not be due for a week or more (before yearly results due on 24th Aug I think) then it'll be finale of massive short covering for a new low. My opinion is I don't think ASIC findings will be negative (and remove last uncertainty) so it'll be a huge rebound and finally put upside trend on this SP. So hang in there.
SGH Price at posting:
$3.17 Sentiment: Hold Disclosure: Held
