you are seeing things through your own subjective bias - not mine.
my avg entry is 6.5c and im ok to see it go to the 3.4 technical target if it does - though obviously prefer it doesnt.
anyone who read what ive been posting would realise the reason im investing now is effectively despite the MD not because of him or any views about him.
the MD is a professional in IoT but hes not yet a professional listed company CEO - he had L plates and now he's graduating to Ps. I ignore what he says and writes and form my own views.
my views are based on my experiences with pre cashflow growth stocks and the time it take for them to hit the J curve + my view on whats a good price for the company
i ignore daily volatility because in a microcap its just noise unless you pay too much - and there's a huge amount of market manipulation by brokers trying to flush weak hands to buy stocks cheap
you need to understand though - like the other amateurs in share investing you are forming your view of the ceo through the prism of share price performance. its a nonsense - esp on pre cashflow stocks that dont have numbers to defend their valuation.
even gigacap banks have huge fluctuations in their sp - and thats with huge amounts of granular quarterly data for investors to triangulate from
microcap stock values are driven more by the sector sentiment and their perceived progress than by intrninsic cashflow
thats why im inveting now despite the techncials
because - if the MD and team have learnt their lesson and realise whats on the line - i think they can hit the J slope incline this quarter - and certainly this half
- Forums
- ASX - By Stock
- BUD
- Ann: Letter to shareholders - 2016 in review
Ann: Letter to shareholders - 2016 in review, page-124
-
-
- There are more pages in this discussion • 42 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
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online