Some will be selling now before the end of June to make a loss to be offset against other profitable sales. The latest announcement attracted an increased number of new buyers which meant that some holders could get rid of a bigger number of their losing shares without taking a bigger loss. Today this small window has closed.
Unfortunately there is no guarantee that there won't be more loss taking until the end of June.
No genuine long term holder likes seeing the share price where it is.
If I bought now instead of having an average of 2.75c, I could have twice as many shares.
Too bad, too sad.
We are in the here and now and SYT is much more strongly positioned now than they were nearly two years ago. Difference is that the hype is gone and we now rely on revenue.
I have faith in management and I hope that the broker revenue predictions are close and if so, then we have only one to two quarterly reports to go before we see the new era of a rising share price.
- Forums
- ASX - By Stock
- SYT
- Ann: Smart Communications to deploy Freeway Roaming Service
Ann: Smart Communications to deploy Freeway Roaming Service, page-136
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)