I am sure someone will post a thread from inside McGN's offices onto HC titled "Rally Starts now: Writedowns contained, cash-flow is strong, debt rollover been agreed, no CR!!"
If you look at the SGH chart in linear not log, it's been going "sideways" since December 2.
Gradually from $1.27 to ~60c. For SGH, this has been "sideways" compared to the previous 7 months.
The good news, only ~60c more possible downside.
The other good news, 2016 is a Leap Year so SGH get an extra day to come up with the numbers!
Much will be revealed when they do and could see big gap up or down. Place your bets
Trying to watch the ticker too much on the way to new news then is recipe for - or evidence of - psych ward status.
At least enjoy the chit chat HC bulls and bears meantime. As Elton says, "ironing out the rough spots is the hardest part when memories remain…."
SGH Price at posting:
62.0¢ Sentiment: Sell Disclosure: Not Held
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