For what it's worth, and speaking from experience of having caught several recent falling knives. I really got way too cocky with TA, presuming I could pick the bottom. Had some luck, then got badly burnt in May. That's not what I see here from an FA perspective. I see a bargain. Why? At the current SP this is seriously undervalued for this end of town. ALC has cash and contracts flowing. Yet the MC doesn't nearly reflect that.
If you are a cautious investor put in a hard stop loss at 5.5c. DYOR, etc, but personally I think this is one of the better spec bets on ASX at the moment.
