SGH 0.00% 54.5¢ slater & gordon limited

Longs with averages over $1.00, page-4

  1. 4,679 Posts.
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    Jb do you realise how ridiculous you comment sounds?

    If for example the share price is 80c that means somebody out there sees value at 80c to buy it. For every seller there is a buyer who obviously wants to earn above average return on their purchase price.

    I can't understand the mentality of dumping a rising stock just because it had suffered a massive fall in the past.

    The past is history, it should have no bearing on the future from a share price perspective. Obviously it does from a fundamental business perspective if the company is damaged but if it was damaged it wouldn't go on a 150% run.

    I say think of it as a company one just discovered sitting at 28c. Then look at the fundamentals and business outlook and like what you see - if the share price then goes on a run to 80c wouldn't that confirm the value one saw? In which case with that kind of momentum it is not a sell at 80c it surely is buy more at 80c (better still at a few points on the way up as well)
 
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Currently unlisted public company.

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