Dear Mike01,
In answer of your question (why some people ar still buying) let me answer (at least from my side)
I saw that movie several times before...
Exist two real thinks we must scare when a share drops so much
a) exist a real chance and reasonable imagination to forecast something really bad ? For exampole.. a company drilling and close the end and the recent news about neighbors indicate dust... ok... its a reasonable doubt..
b) a sistemic rsk of huge drops(like the gold is 2000 and all indoicators says we go to 1300
In our case we are on 1300's and the share priced everything its possible..
What remians at that stage... a capital raising .. But tell me... With such sittuatiuon who will buy, even if the CR its 0.50 ? Maybe people will bet we go to 0.40 and so on..
Just a completly non sense..
My experience shows this are the best buys ,but caution...
That doesnt means the share can't go further down...
How to know ?
I remember one time i bought karoon for a absolutely sm,ashed share price of 4 and averybody telling me I'm an idiot and the sahre went to 3.60..
After few weeks we saw the share back to 6 (and I sold) and the share also went to 7.3..
A sittuation like that dsemands
Cold blood
calm
focus
and patience
Cato
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