well said, though it was quite a nerve-wrecking 30 mins or so......

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quantsyd

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02/12/15

16:33

Post #: 16531519
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Originally posted by Winchester117 ↑

Before this turmoil started, SGH was well traded but certainly not smashing expectation in regards to daily quantities - on Friday there were over 1,000,000 trades made, the quantity traded was enormous and the majority of that trading was done below the 0.75 mark. This means that at Friday closing we had a lot of new investors sitting in SGH with averages around 0.72 - 0.70 who had no intention of staying in SGH long term, but knew they would make some profit. Today the price hit 1.45 and held for a long while at 1.415, that means that for many people in the market the marketable value of their stock was double what they paid for it. Keeping in mind that the majority of these Friday buy-ins were not long term SGH investors but 'bargain hunters' it was the rational decision to collect their capital this afternoon. Looking at the amount traded this afternoon we see about 6000 trades were made during the brief sell off, this means that only a handful of those sitting on double their principle investment sold out. We can expect a few of these rapid drops as people collect their profits but the trend in my view will continue steadily upwards. This afternoons shaky appearance was once I predicted and one we had to have. The fact that the market recovered so fast and went back into the green should attest to the confidence of the market in general.

As always DYOR, good luck all.
Winchester.

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well said, though it was quite a nerve-wrecking 30 mins or so... let's hope the SP will continue the upward trend

SGH Price at posting: $1.27 Sentiment: Hold Disclosure: Held
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