My accountant believes anything outside the ASX100 is totally...

My accountant believes anything outside the ASX100 is totally speculative. He almost cried over Cardno - its price was pretty horrible at end June.....

I have been buying shares since 1986, but only really doing my own analysis and decision making since 2008. As I said - heaps of fun.

I wouldn't worry about SMX - hard to see it dropping much more from where you bought it although it could get gobbled up. You should be OK at the price you bought it though. Its problem is it is in a bit of a crowded market and it doesn't have some of the more sexy new things like security consulting to give it a niche. It has clearly lost its way but the good thing about IT services companies is that they can bounce back really quickly if they get their sales teams working properly. I toyed with buying it myself last year, but I am a bit IT heavy at the moment and it was never my favourite company.