Well I don't think a director would be putting money in at 49c if they thought it wasn't going to go back up sometime reasonably soon?!
I completely agree that volumes are low but unfortunately that's just how it is with stocks like this.
The key to making money on the sharemarket is to buy during lulls rather than during excitement on announcements. Someone is soaking at 43c at the moment. The buy side looks bad for a reason, to get people scared and to sell cheap!
If you look at the chart there's been a fair bit of support at these prices and I can't see it going much lower.
This is a solid company that should be back above 50 cents before the end of the year IMO.
Furthermore, the AGM is soon and so hopefully there will be hints of good news if not a positive announcement.
XF1 Price at posting:
43.0¢ Sentiment: Buy Disclosure: Held
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