Ahh it’s the dark side of Hoofa showing up again to give us all...

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amg63

4,114 Posts.

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09/08/18

23:26

Post #: 34846485
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Originally posted by hoofa ↑

General comments not specific to OBJ

The bottom end of town on the ASX is now getting a reality check across the board.

The "story" does not cut the mustard any more.

It is now about product revenue $$$$, expenses and resulting profit.

Micro caps that are not fronting up with the numbers will get belted in the future imo and that means years of sitting on the bottom of the ASX share price heap until "numbers" results are forthcoming or they run of cash and disappear.

The house price fever over the last few years, where all and sundry thought they were millionaires plus, is now clouded. Times are a changin. Personal debt across Australia is trending up and loose cash for high risk stock market punting is drying up.

Who does that hit - yep microcaps and others on the ASX that are not delivering numbers.

Result. Fear and that means selling.

The market is now loaded with the opportunist/trader - punt on the anticipated news release and sell on the surge. A window span of hours . Then they watch the share price deteriorate back to base levels and watch and wait for another such opportunity.

The Casino game rules have changed and punters are taking their chips off the table.

I wish you well.

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Ahh it’s the dark side of Hoofa showing up again to give us all a lesson on the state of affairs of small caps, you have sold out hoofa please move on and enlighten other shareholders living under the proverbial rock. Maybe you can pass this post on to Steve and tell him he’s setting this pile of cash on fire parking his money in this small cap.

OBJ Price at posting: 2.5¢ Sentiment: Hold Disclosure: Held
9 Upvote

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