GREY:SBIYF - Post by User
Post by
Economistoon Nov 20, 2009 9:51am
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Post# 16507182
Buying more..
Buying more..You guys have nerves of steel. My take on stock price...two reasons why it goes lower: First, end of year (for tax losses) selling; Second, the company has hardly any money. Oh and how about a third reason: they've been looking for a partner for 18 months now and still don't have one. That suggests that they haven't proved their case yet. Presumably the problem being the scale up in production, but it could be something else.
Let's face it, this company could go broke.
I'm not buying more buy here. But nor am I selling. No point in lowering average costs. If the company succeeds, if it gets a partner, stock price goes to 3 or 4 dollars. But we if it doesn't, we get nothing.
So, this one, right now, ain't for the faint of heart, is it?
E'o
PS. I'd be interested to hear some takes on the Q3 financials. And why you two guys feel the risk/reward is attractive. .