I caught the falling knife today. Adding a few to the pile. Is it the bottom? Impossible to tell but the fundamentals are more compelling now than they ever were. A couple of thoughts:
1. Weird that wilsons were stopped out; but then again, it's an LIC, they have rules. The rules are based on sound principles and statistics. The rules do not take into account, cannot take into account the individual circumstances of the individual company etc.
2. Another poster suggested some bad reviews may be from people who have not sorted out how to properly use the buds. This makes sense to me. This is a groundbreaking product. There is no base of knowledge for the new user to call upon for use and adjustment of the product. As time goes on this will be less of a problem.
3. The product is no Good? This is just not a credible position. The product is Good. Look at the awards. Look at the businesses who want to stock them. Look at the credentials of the creators. So..... Darryl from Dalrymple says they are no Good? He is mistaken.
4. Some say the business is still a risky punt until we see sales numbers. This is, of course, true. We are not buying shares in Telstra here. This is a spec stock.
5. Are we in any danger of going lower? Yes. But, as someone else posted earlier, the day when holders feel exhausted and disappointed is probably a good day to buy.
6. Do we need to hear news soon? Not in my opinion. We have been kept up to date pretty well my management.
Good luck all. Let's hope I've picked the bottom!
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