ASB 0.59% $2.53 austal limited

Well I hope so Aceboy.This is a risk and reward stock. The...

  1. 3,584 Posts.
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    Well I hope so Aceboy.

    This is a risk and reward stock. The potential to fall into that yawning chasm below $2 if we do not secure naval contacts. The potential for riches beyond our dreams with a good announcement. Or, something in between.

    But, mate, like our oil and gas stocks, you need to keep researching the company and its sector. Trying to catch a falling knife would be too sad for words. Two of my mining/civil contractors fell off the cliff this year- the eventual profits tasted sweet. But you cannot rely on hope- obey the fundamentals.

    That ugly graph just turned uglier. Is Duarte having his press conference yet?

    IMHO DYOR
 
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