bounced off its low?, page-2

As a new investor I hope so! But not convinced yet. There were a few thousand dollar trades in the mid-60's - good but thin volume. A few directors doing on and off-market trades in recent times is also a good sign. There's an incredible amount of bot trading on this illiquid stock so prices are hard to read at times.

We'll have to wait for the reports/dividend declaration for a true indication where this stock is at. I'm hoping it has been oversold a little and will rebound to the mid $1.80's once we see figures. But MelbourneIT continue to lose some market share in domain names. I suspect this is mainly the smaller business end who are trying to save on costs because there are cheaper options, particularly if you only need a domain registered and dont want a complete hosting service. There might still be fallout from the WebCentral debacle - 2+ days web downtime is unacceptable in this day and age and hurt their credibility as a premium hosting service. Anyway have to wait and see. I think there are positives for the future; they have solid core business/enterprise customers and they continue to grow and diversify from being solely a domain name manager, thus my investment decision.