SGH 0.00% 54.5¢ slater & gordon limited

I think the sunk cost, tunnel vision, and confirmation bias is...

  1. 160 Posts.
    I think the sunk cost, tunnel vision, and confirmation bias is too much for most here. Bankruptcy risk has risen from 1/100 to around 1/3 just a few days due to few big news. I was surprised no one exited on Friday and Thursday, when the insubstantial cashflow update pretty much gave the magnitude of Slater's cashflow problems away.

    I see on the other thread that holders are calling for trading halt. This is the most illogical thing ever. If you believe Slater won't go bankrupt, then just hold it, no one is forcing you to sell at low prices, so why halt the shares? But if you believe Slater will go bankrupt, then you need the market to be liquid for you to to get out before they officially announce it.
    Last edited by buffettmunger: 31/01/16
 
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