You're talking about the share price. I was talking about the company and the business. Is the company responsible for investors' decisions to sell and send the share price down to 0.50? Sometimes management stuff-ups are responsible for a fall like that, but other times certain companies and the sector they're in simply go out of fashion, or people move their investments to a booming sector, like resources. If this fall was the company's fault, what stuff-ups did they make?
There are very few occasions when I am sure which way a share price is going to move, but there was nothing I was ever more sure of than a recovery in PSD's share price when it got down to the 0.50s. There was no bad news or any rational reason for such a big fall, so I increased the size of my shareholding by 60% at 53.5 cents on its way down to 0.50.
Pezz
PSD
psivida limited
