MAY 4.35% 2.2¢ melbana energy limited

Ann: Block 9 Early Production Testing Update, page-650

  1. 3,852 Posts.
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    Always ends well averaging down trying to catch a falling knife. A little unsure why you wouldn't wait for the dust to settle and save yourself 50% and hopefully by that stage management would have announced a clear path moving forward. At this stage all your doing throwing darts blindfolded hoping to hit the board. I don't see the benefits in buying when the share price is in a clear downtrend and management have not stepped in to reduce the selling with a clear path moving forward to create shareholders wealth. Good luck keep buying while it keeps falling,just generally is a more prudent method in creating wealth by waiting until the stock bottomed and is in a clear uptrend
 
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