SP1 0.00% $1.07 southern cross payments ltd

Food for Thought, page-4

  1. 4,870 Posts.
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    I was caught up with market darling BLA 2 years ago - 6 years of solid (?) growth based on the market's future expectations. Went up nearly 900% in 3 years.

    Then Glaucus wrote a series of articles on it and the price collapsed about 80% in 3-4 months and has proceeded down to the $0.185 it is today.

    That's why I'm very discerning about the stocks I consider to be investible. There are 2000 odd stocks on the ASX so I don't need to consider any with questions hanging over them.

    Older investors might remember ABC Learning - similar market expectations and share profile a decade earlier.

    Anyway, I'm sure most posters will agree that ISX is different.
 
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