The current SP action is exactly the same as back in 2008 that saw the low at 25c. Relentless selling for apparently no reason. It was then that I accumulated most of my stock (sub 30c). However that was done at a time when the strategy had been documented and heavily promoted to the market with regular presentations. That gave me the comfort to keep accumulating as the SP kept falling.
The present quiteness from the company is making me uncomfortable and for that reason I am hesitant to keep buying more - but I must say it's getting to the level where it's becoming very tempting to buy a bucket load and sit back. However my better judgement is telling me to wait for either a big contract (bigger than what has been announced recently) or an update around the 2nd half and whether we are on track for the significant return to profit that was reported earlier this year.
NMS Price at posting:
26.5¢ Sentiment: Hold Disclosure: Held
