Re: Some huge bocks of buying going on
in response to
by
posted on
Apr 14, 2008 06:51AM
No offence Manor, but last week it was WE who were anticipating a run-up in the SP, and had bought accordingly.
Someone buying it doesn't make them knowledgeable or intelligent, but merely risk-tolerant.
The risks associated with this stock are decreasing with each drop in the SP, and while there is little obvious upside to this at the moment, you have to ask yourself how far a debt-free, revenue-generating company with 20+M in (debatably) liquid assests can fall.
We are all down 50% since last week, but in not-crying-over-spilt-milk mode, I reckon I'd rather be here now than most Big Banking. For even more fun, imagine what would happen if they issued a 2 cent dividend today on a 0.25 cent stock...
cheers