Let me explain- It is actually real that prices are manipulated - If you watch the markets a lot it is easier to spot this behaviour -
When there is little interest in a stock and the price drifts lower- it is then easy to push it lower by stacking the sell side - this scares people into selling and creates a bit of a cascade of selling - which clearly happened here - the perpetrators usually engineer these situations - so assume they are buying everything that is being sold - which creates a situation of no supply - the sp bottoms - and in the case of SGH in particular not everyone is aware of the real history, they just remember the reputation - not everyone knows the details of how bad the situation is currently -
Then when there is an announcement that sounds reasonably good - the traders all jump on to the upward momentum - because the stock is oversold it is relatively easy to buy the price back up as there is not much supply in the way - the LTerm holders are not selling and there has been no activity - so price moves up easily - by that time the people that engineered the sell and took advantage of the rise are long gone - now the SP is left to drift down again - and worse - those that bought in with the recent rise- will have done a bit of homework and realised that the report and the underlying situation are not good- so once again the SP will be sold off and continue lower again-
It pays to look into the details and not rely on the reputation - there are some excellent posters on here that have been burned by this company - they are good people that to my amazement continue to post and warn the newcomers of the danger -
There have been several waves of people that continue to buy into this mess - I suspect it is just because of the reputation - Hope my comments help to at least alert you to look closer....
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