I can understand blokes why you are stale. I have been in the stock for a number of years and seen it go from 24c down to 1c back up to 6.8c and down to 1.6c.
However when ever the stock goes down I always say to myself it is the technology that will make this company. KSX has a unique product.
On 20/10/2010 the new board was appointed. 4 months in the business world is a huge ask for the Board to deliver results in this time frame. Last weeks announcement in my mind is significant. Advanced discussions with two Fortune 500 companies and listing on the Nasdaq. The new Board is making fundamental steps but it takes time. They are focussing on the US. This market is far larger than the Australian market the previous board was concentrating on, is more regulated, takes longer but could reap huge benefits for us.
We are going to see shareholders dump stock. They have been in for a long period and possibly got it cheap. Their personal circumstances may dictate they have to sell. But we need to remember even at volumes like yesterday there is not a big turnover which quickly affects the stock price.
I take these times as an opportunity to buy cheap stock.
KSX Price at posting:
1.8¢ Sentiment: Buy Disclosure: Held