Australia's largest stock trading and investment forum Australia's #1 stock forum

SGH

Click for more information

0.00%

54.5¢ slater & gordon limited

Stocks is like a pressure cooker right now. Just awaiting some...

First 3682 Last

Share
Profile

Follow
cam_cams

1,263 Posts.

29/08/16

11:02

Post #: 18758526
Share

Originally posted by ashleywd ↑

The only reason you're here saying people were irresponsible for promoting selling around the ~20-30c mark is because SGH had their lending extended. Call me crazy but the SP wasn't languishing for nothing, the risks were/are very real (depending on your outlook). It could have very well gone the other way and often has in similar (if not the majority of) times. It's not as if what everyone was saying about the risks of SGH going broke were unsubstantiated. What was unsubstantiated were claims of rivers of cash from NIHL coming through which have since proven to be false - at least to the present day.

To this day I maintain that investing around the 20-30c mark is irresponsible, based on the information available at the time. Just because gambling pays off some of the time, doesn't make it a good investment strategy.

Expand

Stocks is like a pressure cooker right now.

Just awaiting some positive news for the next move up.

SGH Price at posting: 54.5¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

PAM

PAM secures high-grade Chilean copper play in strong territory

IVZ

Invictus banks US$5M from Zimbabwean investment fund in support of Cabora Bassa

BOE

$550 million Jabiluka uranium offer comes unstuck as Government rules lease won't be renewed

AZL

Brine and shine: Arizona Lithium wins early stage eco approval to commence wellpad #2 at Prairie

BIO

Biome unveils three year revenue target up to $85M – but are 3Y targets enough to excite?

There are more pages in this discussion • 834 more messages in this thread...

First 3682 Last

Add SGH (ASX) to my watchlist