Its a good question and can't be answered 100%. I've posted answer before to this question.
There's 2,500 SGH staff in Australia. If they and friends family had tiny tickle on buying, it would make a huge difference given small volumes being traded.
I'm deducting from
- number of staff as possible buyers (let alone their friends and family)
-lack buy volume.
Do the math - a mere 10,000 shares each or $3,000 would explode the buy side.
My reading: it's just not possible there's buying from there given trading patterns.
Seen similar before where less staff to buy. They won't and aren't: but punters still will.
Only logical conclusion almost no staff buying, but I'm open to argument and correction if you think differently.
- Forums
- ASX - By Stock
- SGH
- Time to abandon ship
Time to abandon ship, page-44
-
- There are more pages in this discussion • 42 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SGH (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online