Let's hope so Nevl.
Bought some recently a little above where we are now but with a stop loss.
Aslo topped up via the spp.
Seems to be holding at that level (1.15) hopefully a support.
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Let's hope so Nevl.
Bought some recently a little above where we are now but with a stop loss.
Aslo topped up via the spp.
Seems to be holding at that level (1.15) hopefully a support.
Yep just bought some of these bit above where we are now,great potential,remembering where the price was before things went aury in the markets.
All we need now is for a downtrend in the dollar versus U.S.
Not a good result but better than expected. Shame they got done on the currency. Maybe they should hire the same hedging advisor as PPL or FPH. Can't see why ttheir predictions could not be fulfilled so will be acquiring on dips I think over the next few months. The statement that they will offer new guidence in early 2010 was interesting as I think they are expecting some good news and this will be confirmation of this.
I bought them as part of my long-term growth portfolio. I am a bit nervous about sustained losses but I feel they huge potential upside long-term. I'm prepared to hang in there and reap the rewards in a couple of years
The Chengdu plant could be very important for them. International media are really talking about this town as the next big thing and all the big high tech companies are locating there so its great that Rakon have their spot. I just hope they have good protection for their IP. Glad that they are doing a lot of research in the UK and France. Try to keep China as a manufacturing base and keep the important info out of the country. Still the femtocells seem like the future especially if JB Were are correct.
Tango - what does long-term mean? I bought them too but am dead pleased I sold them before I lost too much. As it was I still lost a few quid but still kept me shirt. If I had held on I'd be just hoping...
Hold and hope is really only a strategy if the stock is trending up. What is RAK doing?
There is nothing wrong with being a long-term investor, Tango. but you want to make sure that your ideas are not too far out of step with general market sentiment. Remember that the market is always right!
Conservative investors such as yourself often use a 200 day moving average to keep them on the right side of major moves. You can see that such an indicator would have kept you out of RAK for 2 years now - and it has still not signalled an entry. In the meantime, the shareprice has plunged from $5 to $1.20.
Holding downtrending stocks is not a good idea at any time. How low would RAK have to go before you accepted that buying/holding it was a mistake?
http://i602.photobucket.com/albums/t...PB/RAK1113.gif
Price now $1,10, this below their recent capital raising of $1.15, which was for growth as well not to pay down debt.
Interim report out 18 dec, they did make a loss last year, however balance sheet looks healthy for a growth company.
Assets
C 85m
NC 102m
Total 188m
L
C 30m
NC 3m
Total 34m
NTA is 62.5 cents.
This may be a very good price to start accumulation, however not an expert on the crystal market, and have only read positive commentary on their products.
Any current holders have thoughts?
Silverlight,
I have had rakon from day one .
I did not take up more shares as I was unsure of sp direction The sp is below
30day 60 day 120 day and 180 day moving averages.
buying against the trend works out very costly.Also not paying a divy and not likely to for years to come puts a lot of people off.
Hold onto your money untill the trend is your friend.