KNO 5.00% 3.8¢ knosys limited

How exactly would you suggest they "keep trying"? By answering...

  1. 466 Posts.
    lightbulb Created with Sketch. 6
    How exactly would you suggest they "keep trying"? By answering unfounded rumours (spread by yourself, no less) that have nothing to do with them? As I said, that'd do more harm than good. The recent selloff is not the fault of the company, it's a combination of profit taking and a tree-shake by larger holders to scare weak hands into selling shares for cheap prices. From the company's viewpoint nothing's changed since the game-changing news about the Singtel contract.

    I think you mistake the role of company directors & management. It isn't to work on boosting the share price and trying to respond to each sell-off. No company does that. It's to build company value by delivering on the contracts they have while negotiating further new contracts. If they do that, their company will be profitable and the share price will switch into a sustained uptrend.

    I know quite a few decent investors who've gladly taken positions over the last few days as they believe the selling is overdone, and you can see others are doing the same with the price finding a base in the 9c area.
 
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