FUT 0.00% 1.4¢ future corporation australia limited

gearing up for news, page-29

  1. 12,407 Posts.
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    hey guys, like the honesty

    i can't see too much reason to be concerned about 1.2 or 1.4c, when we are all hoping to see a price that warrants 2.5c being a cheap entry by december. with such a short expiry, you would think that the expectation is for the sp to have reached far beyond 2.5c by then, perhaps 5c as a few keep throwing around here.


    it is fair and apt to be questioning why you hold a stock when there is so little to go by, but you have to just remind yourselves that what you bought into was in effect a "prospect" more than a stock, and as far as valuing it, the best you can do is compare it to similar prospects.

    i keep looking at NEC, and thinking, yes, i want a piece of that kind of pie.

    FWIW the selldown has been very low volume. the lack of buyer depth is a bit suspect, but i am sure it is likely more about buying opportunities than about fake props or change of sentiment.

    time will tell
 
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