Just sold down 36% of my holding at 6 c, reducing my avg entry price back down to 4.49 c.
Whilst I believe the long term prospects are very much alive and well ( 2 new product launches), I am far less optimistic about the half yearly results. Believe that both inventory and returns of IQ Buds have / or is presenting a challenge for them. Expect gross margin to again disappoint.
Simply weighing in risks as I see them and mitigating accordingly. Probably cost me a fortune, but I tend to hug the disciplines.
Rokewa
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