Originally posted by foo ling yu
Oops, dunno how that happened, sentiment is always none on every stock regardless. But I'm holding.
Not worried myself. Truth is I had some pretty fierce negotiations with the wife and managed to bring her round on a sizeable extra investment from our cash savings at $4.50. So now she's giving me dirty looks. Lol
My first parcels from my trading funds averaged at $1.20 so I have no concern there.
However, I do believe that the recent highs had the sale of around 20 - 25,000 watches priced into the sp, which is what I've been saying about speculation and the need to confirm the sales before we go higher. If we don't see another order from JB shortly, we may be waiting for international roll out, (feb-april?) Before we see new highs.
Still no concern to me, it's only time. Just be nice to keep the strong run going
Not even 25,000 sales can justify a market cap of $50M. What's the gross margin on these watches? 20%? 30%? Rest of the cash will have to be used on the competition treadmill to keep up to date. It may be a great product, but the shares looks overpriced at $4.
