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1.6¢ sky and space company ltd

The Market is always right, page-71

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malmanu

16,336 Posts.

749

08/03/17

11:40

Post #: 23180975
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Originally posted by 1sharetrader1 ↑

Still falling in price as expected being that this looks like a professional pump and dump.
This stock should never have gone over 10 cents until at least after the first space test.
IM sure the long term holders are not to concerned as they would be still well in the green even at 10 cents,but for the latest buyers still holding there may be a lot more pain to come.
A lot needs to be proven here to justify a fully diluted market cap of around 400 million let alone potential revenue that may still be a few years away.
My call is that the share price will be closer to 5 cents in 6 months or at least under 10 cents.
I will consider taking up a long term position about 6 months before the first commercial deployment unless before hand the share price is well under 10 cents.

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You see this so many times , the absurd valuation and then in a few years the revenue doesn't come to fruition or is tiny compared to the valuation yet those who pushed the price up are long gone leaving a whole bunch of investors who bought the story.

SAS Price at posting: 18.5¢ Sentiment: None Disclosure: Not Held
1 Upvote

0 Great analysis

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