Tin, we meet and agree again ! I am currently a non holder but previously bought at $1.60. It went quick time to about $2.20 and then fell to below my buying price. The Co came out with anouncement after announcement with bad news and profit downgrades and I was happy to let them go at my original buy price. I think Scott Pape the Barefoot investor was recently recommending them and I was badmouthed by one of his followers on their forum when I advised someone who was making their first share purchase to take care with AHY, or if their risk tolerance wasnt up to it, go for one of the Wilson LICs. The badmouther told me I shouldnt be doubting Scott and to b***er off ! I have been watching AHY for a while and their announcements all seem to be for profit downgrades and the rising cost of material. It certainly makes true that the first bit of bad news is rarely the last.
The market appears to be well and truly p***** off this time after yet another lot of bad news. Didnt think it would fall this far though !
AHY Price at posting:
84.8¢ Sentiment: None Disclosure: Not Held
