I'm in a speculating mood and always happy to speculate at a discount - so I just bought some more.
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Having suggested previously that a degree of caution was warranted with this share, given that their was so much uncertainty and, from certain quarters, dreaming over future earnings, I was accused of sour-grapes because I failed to buy in at 20c.
Anyways it looks like that I can always buy in at 20c next time :), unless our Super-Hero once again steps in to manipulate the market for you.
Best Wishes
Paper Tiger
Disc: Failed to buy in at any price and so, so regret it. :D
Always here, PT.
The market ebbs and flows, and that's the way I LIKE it!
PEB is similar to Diligent in so many respects and I hope you have done as well in Diligent as may of us have, through the ups and downs.
Remember how Diligent went from 20c to 42c in 2009, then crash down to 25c and then, zoom up to 70c? All in last than 6 months?
Guess who bought then? And guess who immediately came out of the woodwork and declared it was all over for Diligent at 30c on the way down?
Stay with Mighty River and Auckland Airport if you prefer a smoother ride.
Always nice to have cool melons on a hot day.
Don't ya just love a stock like this with a bright future getting bashed around i suppose this is how the cool customers make money from the nervous. Hmmm so where is the low point to have a crack.
SP dropping around 20% in a few weeks based on no news? I guess no news is considered bad news. The fundamentals of the company haven't changed since mid-March, it looks like a great company on the cusp of success. All we are waiting for is the translation into sales.
If I had any spare cash now, I know where I would be putting it! Who on earth is selling and why? A good example of why I dislike short term trading philosophy as it scares us long termers into doubting our analysis. Or it makes us think some information has leaked somewhere before it is released etc. To me, dropping 9% in one day based on no information doesn't make sense.
Yes, seems most investors, including me, are waiting for positive update news. Just some are nervous and exasperating the selling as the stock seems to be getting pulled down (imho). Dipped below my MA so been picking up a few more as long on what I see is a v.promising story. I'm holding and adding where I can.
MY opinion only After the pump there always comes the dump. I will not play with these types of shares as it would alter my Tax Position. After I buy a share I usually hold it for at least two years. I still have some I bought in 1987.
Sparky, I would apprecaite a bit more education please... Taking into account all said on the thread today, I have just checked the depth ans see "small" holders coming on at 59, 60 & 61 etc since the price dropped today. Given nothing has actually changed with the Company's fundamentals (and discounting any possible insider knowledge), why would these holders list to sell their holding when it appears certain the price will come up again soon? If they needed to sell, why not do it last week or before as the price has been drifting down for some time? Thanks.
STC I am not 100% sure as if my memory is correct it has morfed about seven times & PCs were not arround in those days. Several shifts & a spell running a Four Square store including an 8.5 year spell in Australia. The only previous share that I can Identify was selling Trans Alta NZ in 1999 & something listed as CML which I transferred to Australia & eventually morfed into CBA in Australia. Have reasonable now since early 1998 when in Australia