I am not telling anyone what to do. If you are a buyer, my opinion is there are two more opportunitiesto be impaledbycatch the falling knife.
1) between now and 30 June will be tax loss selling (I jumped in a bit early at 14 cents, because I have seen tax loss selling stop a day or two before 30 June in other companies)
2) after the quarterly, which I expect will have low revenue again - with the delays and delays in shipments and contracts and approvals
At some stage the tide will turn, because some revenue will be reported. I guess from the 30 Sep quarterly and/or some material decent announcement will occur. And maybe even a simply 2xcontainers a month to Lumos.
The problem we have is: will the tide turn from 13 cents or 6 cents. I really need to see revenue incoming. All flows from that - not Mr Market's mood.
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
4 | 628443 | 1.9¢ |
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Price($) | Vol. | No. |
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9 | 1012558 | 0.018 |
3 | 410000 | 0.017 |
2 | 122561 | 0.016 |
2 | 266662 | 0.015 |
Price($) | Vol. | No. |
---|---|---|
0.021 | 291292 | 2 |
0.022 | 246449 | 2 |
0.024 | 431111 | 2 |
0.025 | 459000 | 2 |
0.026 | 1690045 | 5 |
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