NOR 2.08% 4.7¢ norwood systems limited

Ann: Company Update and Quarterly Reporting-NOR.AX, page-158

  1. 1,095 Posts.
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    "I for one have bloodied hands from catching this falling knife, but despite all the doom and gloom of the current SP, I ain't going anywhere."



    My sentiments exactly.

    I don't have near the cash amount involved that many of you here do, but it's still solid money to me (about 15% of my 12 stock portfolio so far).

    I've been catching knives since 11.5c @ 9c then 7.3c and 5.2c (current average around 7.6c) and I intend to further average down in the future once the stock shows signs of air returning to its lungs.

    I feel confident that NOR is kinda like a drunk wandering home at night. He's made a few wrong turns and CAN make a few more, but hopefully he'll stagger home safely and in the morning and, even more so, after a few days, he'll be right as rain and lesson learned.

    We give drunks more than a single chance don't we ?

    ( I KNOW that last line is open to soooo many clever answers....but you KNOW what I mean!)

    .
    Last edited by The Wild Man: 04/05/16
 
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