SGH 0.00% 54.5¢ slater & gordon limited

If you were a hedge fund ? What would u do ?, page-60

  1. 720 Posts.
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    I was one who was influenced somewhat by upramping, averaging down before it had sunk enough.

    It's a bit disconcerting seeing WalkingEagle now in downramp elder statesman mode contemptuously dissing those with a positive view of the sgh future seeing as he was one of the uprampers who influenced me early last year.
    But I was burnt more by not buying at the lows at 6.5c and 7c where I had the frighteners put on me by the downrampers who acted so sure that the sp was going down to zero. Was set to buy a million then bottled so potentially lost about $60k assuming selling when it had doubled. Would probably be better not to look at HotCopper at all when trying to make financial decisions.
    Alternatively my average would have gone to about 18c which is not so far from the fairly recent high of 15c.
 
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