Hi Sureshaus, The newsletter that I subscribe to recommends Unilife as a great investment for the long term. He has given it a conservative valuation of $8 by 2016 as long as the milestones are met. This guy has a fabulous track record for finding 'hidden gems' (growth companies) with huge potential. He alerted his subscribers back in 2003 of a company in the US called Intuitive Surgical (ISRG) and told them to buy at US$15. Today that company is trading at US$267 and has been as high as US$393. He still has it as a buy. Does he just recommend you to buy and hold? NO He recommends a stop on ALL his stocks. He had a stop on UNS @ 0.79c just below his buy price. Yes he has lost a small amount of money but that is how you preserve your capital. Who knows how low this will go? NOBODY DOES. Having a stop in place will help you to preserve your capital and allow you to buy at a much lower price. It also helps to eliminate emotions. My point is if you bought into this stock without a stop in place, don't blame anyone but yourself for paying too much. If you are invested in this co for the long term and you don't have a stop in place then no big deal as you only have a paper loss. I bought into this co because of the huge potential that I see. I bought in at $1 and no I don't have a stop. I am in this for at least 4yrs and as long as the fundamentals stay the same then the paper loss I have at the moment will be nothing compared to the gains I will make when this company is in full production. I will be happy if the sp reaches $5 by 2016 which will be a 100%/yr return on my capital. Keep the faith and let's hope 2011 is a better year for all Unilife holders.
UNS Price at posting:
81.0¢ Sentiment: LT Buy Disclosure: Held
