bendigo, hi there. Yes I do worry at times
As you know I'm very heavily overweight in SRX being a function of a spectacular run from under $2 during the GFC. Thus I try and bring some balance to my own view at times.
They say that fortune favours the brave (and can cause them to go bust as well!) so I had a few more yesterday, just as I topped up at $1.72 in the GFC. Sometimes the price just looks too good. Only time will tell if the call is good or not.
Still very optimistic of a very good year or two coming towards us, but there are risks and at the current PE there are significant risks of a correction at some point i.e. 20%. Maybe yesterday was one, as it was best part of 17% down at one stage.
The rationale for my interest in the dose numbers are that IMO it gives a forward indicator of the continuing increase in usage in the US. If the 28% recorded at the AGM can be maintained or increased then I'd be very happy. If the dose sales come in substantially less than 28% then I think we will see that 20% correction.
Best.
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