Originally Posted by
reggid
It is true that with hindsight it would have been far better to have sold at or near the top and be reentering about now,but that is a problem of buy and hold and it has to be weighted up against the times when the SP rises and sellers miss out.Sellers are being forced out now most probably to meet committments elsewhere . The SP is slowly approaching its cash backing with all other assets being valued at nil.
This is a very good time for the company as our cash pile's purchasing power is doubly increasing daily,both in simple dollars[600000]and most importantly what those dollars can now buy. That is why i emailed Chris yesterday to make sure the company had not already committed itself to a acquistion.The fact that they are still free to make that acquistion seems to be beyond the wisdon of the market and somewhat lost by too many on this site. When this hits home the SP will retrace its fall and it might be too late to hop aboard.