SGH (ASX) Keep your emotions under control

Absolutely Cokes - clear headed objectivity is essential at all times and that is especially so for a stock under as much financial duress as SGH.

Guidance from SGH has proven to be as speculative as any retail punters guesswork and without something factually concrete from the company spelling out forward projections on cash flow, profit margins, and how it will reduce leverage to an acceptable level as well as clear and unambiguous acknowledgement from the banks that they are in it for the long haul and not just til they minimise debt to an acceptable exit point for them then all we really have is 'Yes it can do it' and also 'Yes it might not' at the same time. We're all just speculating without anything to base our speculation on.

A factual vacuum leaving only pure hope and fear creates an environment for pump and dump shysters to play peoples emotion and profit from it. It is possible to discuss the pro's and con's without being guilty of ulterior motive, but there seems to be an increase in posts on here rationalising decisions to buy, sell, or hold based on equally increasingly hyperbolic previous postings from other people bragging about who they know or what they heard or how much of a killing they are making. Opens a window of hope for some to risk even more in the chance that the anonymous online poster isn't either exaggerating or straight out lying and playing you for a sucker - or alternatively isn't spreading fear and trolling for the sheer nastiness of it. Fear and hope with a dash of desperation will have your money in someone else's pocket til you are all in and they are all out of a stock which they know is already dead and buried, or else vice versa they are all in and you are all out at insane fire sale prices which are so low they can't lose on it and you already have at the point of sale.

Without facts to remove doubt and emotional decision making I am also 'wait and see' on this - I do hope however for the sake of longs with a way to go before they see green and hanging tough for better days that the stock soars and you profit while it badly burns all the shorters and manipulators on the way.

Cheers all