ASB 1.56% $3.16 austal limited

I'm out. Sold on open at 60cents and took my 75% loss after...

  1. 662 Posts.
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    I'm out. Sold on open at 60cents and took my 75% loss after holding for 15months.

    Management best have their heads on pikes by Christmas.

    The share price will settle back down to 50cents, I wouldnt be suprised to see it drop below this level as well out of general discust for management.

    I've had enough of seeing Austal in the red every day. Now it's no longer my problem. Good luck all remaining holders. For what it's worth, with their debt issues now resolved, it can't possibly drop much more than 50c can it?
 
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