I dont always agree with Cujo's barbs. But, he is only having a stir at the expense of his many detractors. However his approach on the buy and sell system is solid.
It is impossible to tax the reasons why any share will rise or fall especially in a negative market. Additionaly KAR is an explorer without any consistent income or profits to justify a stable share price.
Yes, I am usually bullish because the stock market over time will out perform other investments. I am neutral on KAR at the moment (check my sentiment - hold), but longer term I am bullish. I did not buy into the SPP because the stock had dropped from $6.25 in mid July and I took the view that it was in a downward trend. I will only buy stock when I think that it has bottomed and when it makes a new high. As I posted earlier today I will never average down as this approach is fraught with danger.
You will only ever find the truth in the share price. The directors will be cautious at the AGM as they will always take a conservative view. A better approach would be to contact Paradice, Wellington and FMR, lay your concerns on the line and see what pops up.
Stay strong, focused and believe. If not then sell.
Alhambra.
KAR Price at posting:
$4.73 Sentiment: Hold Disclosure: Held
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