It is same pattern as for a while. Institutions are divesting to the HC crowd who are holding or pushing the price with their buys. For every denbo who posts on HC, there's 10-20 others so the same and don't post.
Apart from Mighty, who is a clear thinker and done plenty thinking (though I would argue, some important gaps here), I haven't seen any SGH long on HC post any credible fundamental analysis. The worst analysis of all - with the most basic errors like BuffetMunger and Robert.D and several others - gets greeted with acclaim the longs. Other patently woeful analysis, eg Mel (who seems otherwise a very solid Scot - and I enjoy his humour) the errors just ignored, even though same errors repeated.
There are few sharp traders who may have right ideas short term patterns, e.g. Londoner on the ball and some others.
But it's fascinating situation with HC Crowd accumulating madly, without any good stated reason - except Mighty logic. Maybe just maybe there's an insider - but they haven't posted anything worth reading.
My trigger finger to short this to the bejezus is getting itchy
But I think could easily bounce to $1 on the way down and there's many uncertainties I don't like too many uncertainties. Much prefer sidelines then.
SGH Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
I don't like too many uncertainties. Much prefer sidelines then.
