SGH 0.00% 54.5¢ slater & gordon limited

Quindell's buyers sue to reclaim every penny spent, page-43

  1. 12,284 Posts.
    lightbulb Created with Sketch. 397
    The last three days on the shortman graph show that there is no covering- it is going distinctly sideways-
    At the bottom- Which did not happen on the two previous occasions, where the number jumped quickly back to where it was previously.

    Given that the graph has a 4 day lag, I guess we will see what is happening in a few more days..
    The drop in shorts began on the 13th June 11 days ago.

    The reason for this may be as simple as 3 months sideways is not making money so time to move on.

    The answer is often just simple - not some conspiracy relating to who posts on the thread-
    HC is not the bible for what is really going on...

    sgh.JPG

    The valuation for DFE can be done by an average VWAP of the SP- given that it has been trading sideways for a while this is something to watch for imo.

    Discussing  the possibilities with regard to the outcomes of all these class actions is relevant- however the more complex and difficult it is to get the money even if they are successful is the real point-   
    If it takes several years to settle - It is almost hoping on future potential - the market does not really like that.
    The only thing that caused a brief spike in the SP was the successful payment for mistreatment- Which is in itself telling -
    The market is being a hard marker atm- nothing is moving unless there are concrete earnings and money in the bank---
    All the blue sky stuff is getting a real reality check - two years ago things were different- not so now.
 
watchlist Created with Sketch. Add SGH (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.