Buy price – 57c (assumption), current price – 5.7c, already lost – 90%, further loss in worst case scenario – 10%. So why sell at all-time low to get 10%. Stay on sidelines and watch. Shorter: Already has been pushed to wall. Trying to push further may be counterproductive. Stay away for the time being. Buyer: Blumont (rescuer of DML) is in deep trouble and struggling for its own survival, so can it rescue DML, are they skilled enough to judge viability of DML? Why the big gun all leaving DML and Blumont itself sank from SG$2.54 to mere SG 13 cents in SGX? So stay in sidelines. IMO only. Any thoughts?
DML Price at posting:
5.7¢ Sentiment: None Disclosure: Held
