General, page-41

yes...it is a very difficult decision to make these days....the trading has changed so much in the last decade...nothing is easy and straightforward.... the best news released by cos are followed by the worst sells down....shorting activities screw the real picture of even the best holdings....my take on it is, a falling knife is not the same from one co to another......IPD has now moved on from being R&D to commercial co...it will be judged now on figures as reported each quarter....not on rhetorics....so yes, each million up will give us (hopefully) a pip up, and each million not reached will increase the dumps..said all that I added a small parcel today to my holding....my 5th largest......personally, I do not fear this falling knife at all.... dyor ...always...cheers!