ENG 0.00% 89.0¢ engin limited

shocker, page-3

  1. 278 Posts.
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    phishpheet investors are clearly unimpressed by what's around the corner and want out. Another cent drop today to .055. Another big decrease of 15.4% must be testing holders patience. I can't see this as a buy - yet. It's a penny deadful speculator at best. I was interested in reinvesting when it reached below 10 cents, but decided to bide my time, as after analysis I had my concerns about the short term share price, and ultimately the sustainability of thier business. As I've said in a few posts I feel their is more downside, and still more to come, certainly to the 3-4 cent range. I might contemplate having a long shot punt on ENG then, which if all goes well could produce a decent return, but it is highly speculative. I hope I'm wrong for holders and the tide turns, but I doubt it.
 
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Currently unlisted public company.

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