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clock Created with Sketch. 03/08/16
14:05
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Originally posted by mrwalker
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Wow there's some hostility on these posts! I bought in a couple of weeks ago averaging 44c and yes it's very frustrating watching the SP head rapidly south. However I'm aware of the risks and of course the potential upsides so remain happy to hold for quite some time yet. At this time of year as we enter the reporting season, there has often been a drought of information regarding anything to do with actual company financials, only the odd media release of a recent product development, new signing of some sort etc. and so there is then a great deal of speculation regarding the financial health of a company especially cash flow which is particularly important at this point of the company's development and hopefully, its growth stage. This speculation results in sometimes wild fluctuations of the SP as we are currently seeing and in all likelihood it will head even lower before sentiment changes. Given the quality of key staff at the helm I'm banking on a significant turnaround but we just need to remain patient until the end of the month when more informed decisions can be taken whether you want to remain/become a shareholder or stay on the sidelines and attack those who have decided to put their money where their mouths are.
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This is in total free fall were is the asx ???
