RE: BiopolymersHi everyone;
I would be interested to hear what some of you have been thinking regarding the last few days of trading - I see a bit of downward pressure in teh last few days, seeing as we've had a few pennies price drop (which only means that the buyers have had more power to pick up at cheaper prices - we mustn't forget that even in the craziest market drops, for every seller there's still a buyer).
Though my portfolio in general is quite small, I am personally thinking of picking up a few more shares of lignol to take advantage of a bit of unjustified price decrease (what I see as unjustified anyway). I don't think LEC is exposed in any way to any real macro-economic trends, and generally should be quite immune to any big market movements. Does anyone think differently? I doubt that they hold much in the way of at-risk investments...
The way I see it, sp will rise when Ross signs his first big deal - hopefully sooner rather than later... but other than that, sp has very little downside which it can maintain over the longer term.
Fun times! Happy trading!
All the best,
W.