The orchestrated step down has begun and the opportunity for me to top up has started again. I will buy chunks on the way down as the shareprice makes its decent over the next little while. An interesting observation here is that outside of the opening and closing auction on the ASX more that 90% of my buy orders get filled thru the chi-X exchange and not on the ASX. Whoever is in control of this strategy knows exactly what they are doing and how to execute it and me taking nibbles on the way down luckily hasn't disrupted this pattern previously. I don't care where it bottoms out but on the last two occasions its been just under the 2$ mark. I'll be interested to see where this event peaks and my guess is higher than on the last two occasions.
SGH Price at posting:
$2.83 Sentiment: Buy Disclosure: Held