It is, but haircuts don't come scot-free, in Greece's case (in denbo' link), their parliament was forced to pass drastic austerity measures; then there was the political instability followed, Tsipras got elected on an anti austerity platform, then did an about-turn after the election, blah blah blah.
Here is a chart:
http://static1.*.com/image/559eb753eab8ea132c679458-1431-993/screen%20shot%202015-07-09%20at%202.02.09%20pm.png
What's interesting is the rebound at the end, and that's my sentiment with SGH.
Tbh, unless the news coming out next week is nothing but amazing, we may have to bear with share price retrace a bit further; but if the debt problem is solved, I do believe a strong rebound will occur.
SGH Price at posting:
29.5¢ Sentiment: Hold Disclosure: Held