SPO highlights the risks of buying "falling knife" stocks. Best to also ignore any on market Director buying in falling knife situations as most likely it is just a flying the flag exercise to suck in lemming investors or a vain attempt to stop further personal financial loss relative to their own existing holdings in the company. In recent years CAJ has been another excellent example of a falling knife that caused much loss of blood for many hundreds of investors and where Director buying did nothing to halt the slide.
Where an industrial stock has become a falling knife it could be wise to wait 18+ months before making any judgements about value, is my hard earned opinion today.
SPO Price at posting:
82.0¢ Sentiment: Hold Disclosure: Held