SGW is on 'skid row' especially after it closed some time back below its 2003 low.
Any 'lift' due to a spike in the gold price might represent a good selling opportunity imo.
Downside targets for SGW? Looks like a fall below $1.00 is around the corner.
Even so, I would not go bottom fishing for SGW at just under $1.00 as it could still fall even furthher - around 60c SGW might be good long term buying. Sounds 'extreme' but better to be 'safe' than sorry re. this one.
Not a pretty picture for this former high flyer.
SGW Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
