thanks jstall,
whilst I picked some very good stocks over the years - most I picked too early -- AJX was one of my better one's timing wise ---------- but, really - only on SP - which is important for a cheap entry - but, business wise - my call was probably a bit early.
to me, it's like a cake - you get all the ingredients together - preheat the oven, put the thing in - and then wait - and, wait and wait.
You check it when it should be ready - it's not - so, you close the oven and wait -- 'again'.
On the way, you can see the rise - but, it is only promise - not the finished thing - your expectations are far in advance of the reality.
So to with AJX -- we checked to see if it was done last numbers ------ it wasn't - so, close the door and wait a bit.
You are closer than me with the actuals atm I would think - but, I am thinking maybe 2 quarters ahead at this stage for numbers that will really be giving us a nice trend up.
Oh, yes, the line looks good right now - but, there is no real substance to it yet - like pillars holding up a floor ---------- but, 2 more quarters and there should be IMO.
Of course - we have the chance of a whale coming - and, that would throw the cat among the birdies for our friends who have exited to 'see how it goes'.
I think Nick's prediction of burn rate break even by or before 30 June will prove correct this time - at least I hope so - but, of course, we may not know that before the report for that quarter - so, I will be patient.
I always seem to be in pain in the bum stocks --- solid stocks that always have something possibly huge coming down the track at you - so, even when you know the market may move against it for a while - it isn't long enough to get out with the ability to get back in without taking a huge risk of getting stuck out in the snow.
Lets face it - - no matter how solid the business is -- we enter and exit via a shareprice -- and, no matter who is stuffing around with the shareprice - or to what level ------ I really think that if a polymer deal with a major supplier (particularly electronics) comes hurtling down the pipe - then, no amount of stuffing around by sicko's or greed manipulators will stop a gap on the chart that you can drive a truck through ------------ then, bang goes any chance at all of an entry at these prices or less.
Interesting dilemma for many I suspect.
I am just sitting pat ------------ not like a deer in the headlights I hope - more like sitting in a recliner by the side of the road waiting for the heavy traffic to pass
I wait.
Patiently
Oh, btw - although the reason for your visit to the US was an absolute tragedy - the look you got at the business and the timing for the shareprice as it is now - is an absolute gem for you.
Timing eh? All timing -------------- if the timing is right - you don't have to do much else ----- good luck to you.
I have to say - if this shareprice thing continues for a while longer and if I have a few moves come home personally earlier than I am planning - then, I too am thinking of increasing position rather than sitting pat --------------------- greed is kicking in
Pinto
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Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.62M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $2.5K | 250K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 1358371 | 1.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.1¢ | 58736 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 1358371 | 0.010 |
2 | 700000 | 0.009 |
3 | 516044 | 0.008 |
1 | 200000 | 0.007 |
2 | 378000 | 0.006 |
Price($) | Vol. | No. |
---|---|---|
0.011 | 58736 | 1 |
0.012 | 45455 | 1 |
0.013 | 240000 | 1 |
0.014 | 564269 | 2 |
0.015 | 1200 | 1 |
Last trade - 13.32pm 14/08/2024 (20 minute delay) ? |
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