"I cannot see why talking down prices could help me recover a sahre holding purchased at 6 cents. ..."
Hi Navy,
I don't think you shold worry too much about the impact of negative comments on Hotcopper. In reality the number of BD! shareholders (as an example) that actually ready HC is tiny and the amount of influence HC shareholders have on the share price is absolutely negligible! To restate: The SP (of any share) is barely influenced by the tiny holdings of HC readers.
What is influenced by HC readers and posters is whether they get talked into or out of a stock by this micro-culture. I log in
hoping that someone with actual knowledge and experience of the stock I'm interested in might actually post something factual and insightful (that isn't inside information). Very occassionally that happens but most of the time its just baseless ramping or detracting by people that are generally in loss-making positions and are desperate for the instant uplift.
If I am holding stocks that are quietly fundamentally undervalued (an example being UOS for the last 10 years!) I like to pick up more at low prices as it creeps up, pays a dividend and eventually the market cottons on and you then make a nice solid capital gain.
So BD1: I believe they have a potentially game-changing product they are developing. I currently have a sell in for a portion of my holding at $0.029 and a buy in at $0.018 - I'm happy to have either of those hit (or perferably both in the coming month!). I'm happy to take a 50% profit at $0.29 (but I will buy back in I hope at something closer to $0.02 if I get the chance and if it keeps going up, well good because I'm holding some forever (until the company is bought out).
"Traders", especially the ones on HC (hahaha!) are just desperate to win and usualy its not happening for them. If you believe in the underlying product, buy more when it goes down and wait patiently for your payday. Just 100% ignore the baseless ramps and hype and the also the baseless down-talk.
Bottom line: If you are on a good stock you win whether it goes up (winning!) or down (buy more!). BD1 has a fundamentally compelling underlying product and service in development. If you've bought it for anything other than that, you're desperate and you're like a polystyrene bead on the ocean - totally not in control. Stick to the fundamental proposition - what is its value if it gets this technology and diagnostic up and running - factor in the risk of not succeeding and pay the right price and give it time!
Lastly - its not so uncommon for a stock to capital raise at a price lower than SP. The fact BD1 is
still holding up above the CR price is a very positive sign that the people that actually DO influence the share price (not HC holders!) are confident this is going somewhere. Over the last ... 25 years
(I'm getting old!) I've made quite a lot of money on arbitrage CRs and splits (don't hear about splits much these days). Made a little on this one but really I want to have a reasonable little holding (500,000+) when the good news and commercialisation activities start to flow so I see the next 3 months as good buying time for everyone hopefully around the $0.02 mark before a steady rise (though meteoric would be preferable
Now - if anyone has something constructive, factual, insightful to add, please do - the rest can keep being inconsequential.
(20min delay)