I got a small parcel with the IPO. IT was a very tight IPO - so...

I got a small parcel with the IPO. IT was a very tight IPO - so not too many with "heaps of extras to sell".

I want to add more, but at the moment I am going to wait and see how low they go before adding extra. I don't expect to get the absolute low, I will be looking to buy when progress is made and the SP starts rising to reflect that. That could be from 55c, or 45c, or 35c - who knows - SP doesnt just reflect value - so many other factors.

As for sellers - there can't be much motivation to sell if you want to have a solid holding.

You are either in at the IPO at 25c (and don't want to keep your holding) or you bought on market around say 60c since so not much profit to take from there.

If you are building a holding, buying on the up or down both make sense, as crazy as that seems.

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