I am now up to my absolute limit with this stock. I topped up...

I am now up to my absolute limit with this stock. I topped up with 400k more and will not be buying anymore. There is so much you can average down to until it gets to NIL then lose the lot.

This stock has proved that it can bounce back quickly (remember a month or so ago when she rose 90% in 2 days). It can be done.

In the last 5 days this stock has crashed. I beleive (or hope) its the funds offloading due to ASX 300 fallout). The Aussie dollar has come off its highs which will help. My biggest cocnern was when someone at the results presentation asked the question about their debt headroom capacity (as the fin report indicated a lot of head room). Although there is a lot of head room, the company pretty much needs every cent in the second half due to the cyclical nature of its business, so although it appeared a little rosy I think it is cutting things very fine.

If this company can't turn itself around this year. Then I doubt it will see another year. I am neutral on this stock. Although if my other half knew I was gambling on it I would be beyond neutral, dare I say dead.