I prefer the phrase "like watching a train wreck in slow motion". All anyone can do is watch...
I suspect (using Technical Analysis) the share price will likely drop at least another dollar. I know others are expecting it to possibly go as low as $3.50.
Of course it is impossible to know what will happen with any real certainty, but I think I'll sit out until there is a real correction. As the saying goes "never try to catch a falling knife"...
With all that said I have nothing against the company, it's a solid business. It's the sychizo share market that forced the share price to unrealistic levels. I'm sure a few happy punters made good money, whilst those that loyally held on are probably crying themselves to sleep every night...
I suspect some may sell as a tax loss in the next couple of weeks to off-set capital gains, before buying back in at some point.
