I chose not to exit on Friday as we breached and held under $0.14, purely based on the reasons/drivers for the sell down - Global panic...
Again, panic/irrational selling, covering positions and fear. As we saw, the DOW climbed +300 last night I have no doubt this will bounce back a few cents in the short term. Think we will see $0.15-$016 Monday.
Happy to hold this long term for the following reasons:
1. IOT is widely forecast for massive growth along with (Cloud software, computing/security & mobile)
2. Quality management and investors - Recent appointment very good
3. Circa $14m in cash, no immediate need for a CR
Also like and hold BPF and CVT in the above spaces.
- Forums
- ASX - By Stock
- BUD
- The Pugs Thought...
The Pugs Thought..., page-2
-
- There are more pages in this discussion • 8 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BUD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online