So the IPO is at 1.39 and Morgans are in. Not long after Morgans are saying a price target of 1.60. The SP drops down into the high 30s and Morgans gives a price of .35. Geez I reckon I could be a broker. Just look at the current SP and throw up a guess around that value. NO IDEA! I'm with Edison. This is a long term stock. In the old days you would buy it and put it away and check how it's going every 6 months or so. Now we get to jump on trading sites and HC a hundred times a day and listen to speculation and worry. I look at some blue chips shares like Wooloies, BHP, Qantas.......... When they have a bad year and have a big loss it's all gloom and sad faces...... wait a year and everyone is happy again. Ride out the cycle and boom time will come again. Or don't and find something else.
