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McKhenry

5,444 Posts.

901

04/06/19

16:22

Post #: 38903626
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Originally posted by 1ronnie: ↑

I think people can probably make money trading this stock on the fraction of a cent , than buy and hold because at an elevated $80m valuation, the long term downward trajectory is not going to stop, with all likelihood that LIFX would more likely to disappoint (in an increasingly challenging economic environment where ' nice to have' products can be dispensed with ) and not meet its stipulated targets that have set market expectations. Just like the AUD didn't budge today with the RBA cutting rates, because everyone expected it. LIFX disappointment , in the likelihood of occurrence, have yet to be factored into the sp at this point. And I indicated earlier that I think at best the LIFX/BUD outfit would only see black in 2022, but by then the economic environment and markets may already be in a meltdown, so a long wait that yields nothing, and in the meantime, there is opportunity cost associated with tied capital that could well be deployed in more prospective counters.

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For real Ronnie, you think there is no LifX potential disappointment factored in? Whatever your having I would like to try some.

BUD Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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