Apart from the new boy HSHL, who seems remarkably well informed, I don't think any of us know how the good ship MIK is going to go.
I confess, I couldn't resist a few more the other day at 3.1 but I'm not at all sure I'm being very rational. Averaging down doesn't appeal to me logically and my gut has been well out with MIK.
You see, my guess was that the GFC would make them succeed in spite of management. Every time I read about the precarious state of finances in big US Sates, I feel like yelling at them to "get all the money that you're missing from vehicle regos!".
I watch FSS most days looking for an indication that they've hit an EVR mother-load... but nothing. To be honest, it's got me buggered now.
Maybe I'm trusting that greed will win out, that the Hanuman fraternity are not altruists and that they MUST be convinced that there's life here.
Why'd I buy more? Dunno.
Cheers.
MIK Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
