I'm not a down ramper... I just can't justify the current evaluation based on the books and prospectus. I got burnt out badly with A2M which this time will make me think once, twice, three times before deploying my cash. Need to give a margin on safety that I know which won't make me become attached and bias to the stock as soon as I purchase it... I'm a big fan of eCommerce and it's definitely the way of the future. Aussies love Homeware's and it's part of my field that I'm knowledgable in, but they need to tap into the market's of Retailer's and become more innovative other wise most Aussies still love the traditional brick and mortars. I know it sucks having losses in your portfolio, sometime's you have to accept and take it as a learning experience. It's just not "MyDeal" right now. If stock price goes back up to $1.00, $1.50, $2.00, I am happy to be wrong.
MYD Price at posting:
52.5¢ Sentiment: None Disclosure: Not Held