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13/02/16
17:29
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Originally posted by PUGDADDY
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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.
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Have confidence Dave and the team will convert leads into deals over the next 24 months. Until then, not much interest. BUD has to prove it's a growth stock, not another pretender.