revalued down to $2.30, page-8

Sabre,

I wouldn't underestimate the animosity that this is going to bring out in these insto's. Remember this is an "ego" driven industry and while these guys really hate to lose, the thing they most detest is being made a fool of.

SGW (intentionally or otherwise) now has half a dozen very, very irate and foolish-looking "players" who will not be satisfied in just getting their money back. They will spend the next year or so slapping SGW down every time it looks like it's about to recover. They will do it for revenge and just becasue they can.

Don't expect a recovery in the near future.

Cheers

Badfish