Another poor analogy, very desperate keep thinking though if it passes the time for you. How bout I try and help you think a little. Try the quadriplegic that's told he/she is never going to walk again that doesn't accept what the trauma surgeon says and slowly rehabilitates against all odds. Grech who has so much to lose out of failure isn't likely to be be sitting around taking his advice from a pack of negative arm chair mentor experts now is he? He'll just be getting on with the job of trying to claw his wealth back and if he manages that then he'll take everyone else with him that's on board. Take your chances or remain paralysed by fear and wait for the market signals to tell you what to do but then again that will probably just be interpreted as a dead cat bounce regardless as 999 has already tried to instill into people's psyche in advance. He's already saying any uptick in the price is just market manipulation before it happens without even interpreting any new data that may be available and why the price may be correcting upwards- now that's poor form and just plain bad advice to advise people not to touch something without having any up to date data and dismissing why it's occurring-and it's market manipulation in advance designed to subdue the buyers. Paralyse them with fear hey 999? Don't trust paid financial advisors, economists or arm chair speculators because they all have one thing in common. They think they know what's going to happen in advance. Some of what 999 says is relevant, however some of his suggestions are heavily tainted against buying in advance, effectively telling people not to trust the market with a correction upwards and to trust his judgement-an unknown person with an unknown agenda. As the market always says, past performance never guarantees future performance. That can be to the downside and the upside so anyone suggesting they know what is going to happen in advance is purely a delusional arm chair speculator or market manipulator like the economists trying to second guess an interest rate decision in advance. They are notorious for getting it wrong. So what's in it for the neg ravers? Are they trying to save their internet "friends" money? Pffftttt. Not likely, why would they be trying to save some unknowns cash? In fact some of the comments have been humiliating towards the longs for daring to have a go at investing. They seem to garnish satisfaction out of running down the longs. If they switch sentiment they won't be advertising it to anyone until they've accumulated hefty holdings just like the brokers that advise to buy, after they're already accumulated their quota. Given that 999 already has the "respect" of so many people here, I'm sure that if he declares he's changed his sentiment to "long" on the stock then he's given himself a 10% "get out clause" for being wrong and their lies the trap for the unwary sheep being sucked in by a relentless market manipulator who if he decides to buy, won't put it out in advance, he'll just do it on the quiet while he's "saving" the longs from themselves by advising them to sell their holdings. Perhaps it's already begun who really knows? I've already called him out on his "small" holdings which he refuses to declare because they're "inconsequential" so I would be taking everything he says with a healthy grain of salt because he has not been totally honest and if that is the case then what else has he not been 100% honest about??? A potential buying/accumulation intention? Personally I don't care and I make my own investment decisions and would never take one iota of advice from a relentless market manipulator who is dishonest with the most basic of things which is a declaration of holdings or an interest in a company short or otherwise. Make your own decisions and beware the wolf in the sheeps disguise walking amongst the flock. If it looks like a wolf then it probably is. You can fool some of the people some of the time but not all of the people all of the time, GLTA and DYOR. Traders trade for the short term, investors invest for the long term and each have a different goal. Traders relish volatility and benefit from trading it and tend towards creating that very volatility that they hope to benefit from. Buy when it's oversold, sell when it's overbought......
SGH Price at posting:
30.5¢ Sentiment: None Disclosure: Held
