Interesting. Out of all this down ramping on HC for 9 months when it comes to crunch only one 100 K share seller came forward at 20% premium sell price to the market. What does it tell longs and the shorts. well a gr8 story will unfold come Monday next vk..
Another point aas some one highlighted here B4 is that out of 350 million or so 40-50% is with management and may B employees of SGH.
Sothe floating stock is only approximately 50% of the stotal stock.
So shorts as a % of floating stock is around 15% or so which is v v high.
At no stage management has given any indication/inkling of any doomsday scenario. All they have said so far is that they R withdrawing the guidance and they R retesting goodwill which
1 . It is a v minor thing these days and that too with SGH as even if SGH lands 15-20% less than guidance it will still be gr8 as there R lot of one off scenarios/circumstances/expnss.
2.
re goodwill its testing as i understand is a standard procedure .
so what is the worry for longs.
only one. we will have to bear with the stench of real fat shorts burning come next vk..
SGH Price at posting:
83.0¢ Sentiment: Buy Disclosure: Held