Originally Posted by
simla
Hi Buncs. The main thing to know about Blis is that it has never reported a profit. Trading shares is not my thing anyway, as the chances of out-trading the next guy never seem too great to me, but trading a share that has never made a profit is entirely based on guessing the psychology of the crowd. Without a profit, there is no mathematical basis of an underlying value, nothing to pins the swings and round-abouts to, so anything could happen. Also, you might like to study the market of any shares you are thinking of trading in. Study the patterns of offers and bids and decide just how many parties you think you are really dealing with in the market, as you might conclude there are less than you might think otherwise. Or not. Entirely your call.
So I own the shares as a long term hold because I am happy to support an up-and-coming company and risk losing the money if it doesn't make it, for the good of NZ.