$4 party!, page-67

Confusious say: “he who try to pick bottom, get smelly finger!”

I don’t know where the bottom is, but I don’t think we’re there yet. I don’t necessarily need to know where the bottom is, but I want to see that the bottom is in before taking a punt.

The risk to punting on recovery when the bottom is not in, is that depending on company conditions, perhaps the ‘recovery’ will be minor enough that you either don’t regain your entry price, or it stagnates just slightly above it for n unreasonably long term. Both these scenarios mean that you have effectively lost out to the market.

I expect the stock to plunge to around the $1.50 mark, and then as it steadily climbs, I’ll (maybe) throw in a punt of $10-$20k, an see where that takes me. I genuinely do not believe the company will ‘BOOM’ as a lot of the zealot pundits here believe.