Unfortunatly this does appear to be a sector issue and not an isolated attack on 'just us'... it's very depressing for 'bag holders' like some of those on the board that we're pretty much back to where we were in 2008... personally I haven't seen my full ECU profits in the green since well back when I first invested. Obviously my first few lots in the 2-3 dollar range haven't helped.
I do however think that this price is just about as far down as we can really be pushed. If I had a heap of money, I would go all in and just purchase every ECU share I could at this point. I can't see anything less than a doubling in the next few months as the dust settles. I think it's even possible we go to a 5 bagger from here in short order... but then again, with this stock in this market- who knows. It could take much longer.
All I know is that I am now able to purchase ECU share for under 45 rappen (Swiss cents) which is just ludicrous when one looks at the assets on offer. But most of tha market makes no sense at the moment. There are Swiss companies with more money in the bank then the combined value of their shares... insane. I was buying gold at 1400 a few months ago in CHF and am currently DOWN 3%... go figure.
Good luck to all. I'm pretty silent these days as I just wait for some realism to come back on the scene. In the meantime, I'm off to bask a bit in our reclusive sun which has decided to shine today. Maybe I will go shopping with my newly powerful CHF funds...
Soul