- mug punters who think it's "cheap" seeking an entry point: "Be greedy when others are fearful"
- long term mug punters averaging down - still believe!! in fact they are "certain"
- shorters forced to cover recall of borrow
- day traders trying pick intra-day moves
- institutional short term traders also trying pick short term moves (same idea as day traders)
Price can become self-fulfilling prophesy when this indebted and troubled - feeds into staff morale and attitude lenders and suppliers - and the 10% chance I quoted for hope of stabilising and then recovery starts become 1%
They need some good news fast to stabilise.
SGH Price at posting:
46.0¢ Sentiment: Sell Disclosure: Not Held