"Just picked up a few more" - How many cuts have you had...

"Just picked up a few more" - How many cuts have you had attempting to catch this falling knife?

You guys would be better off holding fire until the market actually turns, whenever that is, rather than trying to be a hero and pick the bottom. Trying to pick a bottom is a mug's game. Waiting for the market to turn usually means missing out on the first 10-20% of the move up from the bottom, however, you save yourself a lot of money. Lots of people have been picking a bottom for well over a year and are down big time. The share price would need to recover a lot from today's share price just to be back to breakeven. This thing could easily go to sub $1 before it bottoms. No one really knows. If you said 12 months ago that SC6.0 would be US$700/t today or 6 months ago that PLS would be under $2.50 today, you'd be laughed at and called a downramper. Yet here we are.

That's my sermon for today. Have a lovely weekend folks!