NOR 0.00% 3.8¢ norwood systems limited

Ann: Appendix 3B-NOR.AX, page-46

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  1. 705 Posts.
    I never really bought the story and never thought it was much of a good idea to begin with but I saw the stock gaining a lot of attention, thought it was either a pump and dump, or I was wrong, maybe it did have potential, I jumped on for the ride from 4.7(?) cents up to 11, then 14 then riding a parcel down to ten selling some, then 8, and a small free carry to 5. Before riding another run up recently, pure luck really, not attributable to any skill on my part.

    Finally I did Get burnt, and I did lose some money that day, you are correct but overall nor has been a winner for me, could have done without that last greedy attempt.

    My point was that you're hanging around for a magical run, they've been and gone. I was extremely lucky and made some money. But I don't really see the money in the story, and I definitely would not have it as my only holding.
    Hey, maybe you're ahead of the curve, I just don't see the value here.
    I'm just trying to warn you, you might lose badly. I lost a lot on one trade in one day, think of losses from holding a continual slide.

    Good luck anyway
 
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