GR8 observation. After it fell from 27 and hit 22-23 and bounced , we saw nearly 20 million shares volume go through.
All vk hands are out and sharks are in.
We can now be rest assured that news coometary and news flow will get v positive re SGH that how it will survive BLAH BLAH BLA.
PS.40-50% owned by SGH STAFF and management.
nearly 135 million shares traded during the last 3 days that is nearly 40% of total issued stock. Wash out was brutal. It was meant to dislodge even the most stubborn BULLS and cause tired BULL LIQUIDATION.
It happened.
More so the wave that they created on break down from 27-28 after causing breakdown of 30. They were not happy with the low volume breakdown of 30. so they triggered further down and swallowed all the 25 million or so shares of SGH.
Now starts the real game as to how good SGH is and how it can transform as all poor retail is killed without any mercy. That is the way of the markets unfortunately.
SGH Price at posting:
26.0¢ Sentiment: Hold Disclosure: Held
