I think we all underestimate the power of shorters and momentum.
I'm an amateur investor on the lookout for under appreciated stock through technical/fundamental and found reasonable success in the past. SGH ticks a lot of my boxes and when management confirmed twice if not thrice guidance, the value buy signal couldn't be more clear-cut isn't it?
But what happened this week absolutely destroy my belief. It is by far the most invaluable and costly lesson. The market is multifaceted and nothing should be taken for granted.
Going forward I don't expect a miracle sp recovery but hope common sense will prevail, hopefully sooner rather and later.
SGH Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held
