Closed below 2800...nek minnit
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Closed below 2800...nek minnit
crucial day today may be breaking down from consolidation and also long term uptrend may suggest move to 23-24 next then 18
Some holders selling out to switch into Serko and Gentrack?
Some are always looking for the next 10 baggers.
Been misbehaving moosie? http://www.stuff.co.nz/national/1018...y-his-pet-stag
Not much fun watching this today
Market sentiment towards a sector moves in cycles much longer than a year mate. My message was a coded one for you, (because you're a good bloke), to help you think about how this company can possibly make headway with its SP against a tidal wave of new listings in this sector, which it clearly can't. There's only so many people with a certain amount of capital prepared to chase investment dreams, (as opposed to investing based on sound fundamentals based on current earnings), and now there's so many more dreams on the menu the supply-demand equilibirium has never looked worse to the best of my knowledge. Tanking $3 in one week since my post last week serves to illustrate my point...and I think there's worse to come as hot money tries to chase positive momentum when its clearly so evident that this stock no longer fits that criteria, well certainly not in the short term. I think its quite possible that we could see this back at $18 in due course, other shareholders having a fair chance to top up at this price seeing as they got so rudely disadvantaged last year by being excluded...oh the irony.
"Sector churn"
I see calamity Jane showed up today and wrecked some more havoc across ALL the tech stocks today well I'm sorry Mr Market but you can't remain irrational longer than I can remain rational, actually I've now got a 4 horse race going with Xro,Dil,PEB and TTK all running around 40% down followed by SLI at 28% and following up at the rear ATM at 22%, so who will win this losers race say 2 years from now? Any bets anyone? :eek2: