I'd say looking @ SGW..ABN Amro might be right about bankers pulling the plug...thank god I got out @ $3.15...and still lost $75,000....I was actually watching as it fell from the $4.50 levels and was stunned!
I did have a chance to bail out @ $3.60, but of course thought it would rebound!
The reason I was watching so closely then was that for the first time ever SGW delayed their quarterly by 5 days and then after announcing the delay... gave the profit warning and the rest is history...I suppose what's to be learnt out of this is if a company strays from it's usual pattern... BE VARY WARY....CAVEAT EMPTOR!
ssb
SGW
sons of gwalia limited
I'd say looking @ SGW..ABN Amro might be right about bankers...
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