At the moment, i'm a little bit in favour with cash-backing. Manage to filter quite a few shares with cash backing to Market cap ratio larger than 1. Got some ARM at 15c and GLL at 19c. Cash backing IMO is a good buffer from downsize risk. And when market get better (which i have no idea when), couple with good announcement these companies should move around pretty fast.
ARM: last quarter cashflow report, $19.9mln vs MC of just over $15mln at 15c.
GLL: $40mln cash vs MC $30mln.
Goes figure.
Miss out on BAU, got an order at 16c but don't think it will touch it, but we never know.
daytrades june 15 morning ..., page-188
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