It may be a little bland to say that the bottom is within 85 cents. But remember, it was almost $9 higher last year.
You will get a better price than the $5-6 price range that I bought back some 10,000 shares in Aug/Sept last year or the 33,000 shares just above a dollar I bought recently.
There are only really two outcomes to this.
If the company survives, we will be looking at a very substantial profit.
If it fails, we will lose all our money.
It is a simple and straight forward proposition.
I am obviously backing the former but the alternative is possible.
As you said, it is very hard to pick the bottom, particularly, in a "black swan" event - and I certainly have not!! But at this point, it does not really matter.
Cheers Eos
MRE Price at posting:
48.4¢ Sentiment: LT Buy Disclosure: Held
