what in the hell is going on?, page-2

There is very little enthusiasm around billabong at the moment, probably why the price is continuing to drop. No chatter at all on any of the online forums either to drum up support either, its just seen as too risky although I don't understand why the speccie punters aren't taking a look at it. It surely has as much chance of booming as any junior mineral explorer.

Myself I'm looking for a bottom around 30c, not based on charts or anything, just that I think it becomes too cheap to be passed up by those speccie players at a market cap of only 150 million. I'm looking to enter with a small ~10000 share purchase if it sees 30c and then see what happens into the new year whether I decide to increase that or sell out.

I think they have a strong brand still, its just whether or not they can get this debt paid down by expanding the business rather than cutting it to the bone. I remain quietly confident they can turn it around for what its worth.