Some people are distracted by the short term events, and lack the vision to recognise true opportunity.
It is easier for them to bitch and whinge, presumably because they follow the mob mentaility of a declining share price, which, can fuel itself. Perhaps under the belief that they are in common with popular sentiment.
Other people sold out long ago, and have probably shorted the stock. It is in their interest to persuade new investors to avoid it, and others to dump it.
The greatest opportunity realised is not to buy when a share price is whistling and screaming, and all the champagne corks are going off, but when the building is on fire, and the down rampers are at their loudest.
A target of 7.50 based on PE is not imaginary.
This was a start up IPO company, any reasonably person would grant them a couple of years before they conquer all the hurdles, and hickups along the way.
For mine, upside for entry here, is IMO worth the punt.
It could drift lower, but that's what entry positioning is all about, taking a partial position, that if it does rocket, you're covered, and if it drifts lower and bottoms, you can complete your order.
