"Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.” Warren Buffett
Getting towards that 50% panic level?
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"Unless you can watch your stock holding decline by 50% without becoming panic-stricken, you should not be in the stock market.” Warren Buffett
Getting towards that 50% panic level?
Sure is. I don't agree with that quote however. That only applies to those that buy and hold. It appears that most longer term holders here cannot deal with being 50% in the red and it causes them much distress for months and years. A trader on the other hand would never allow their loss to get ANYWHERE near 50%, losses get cut very short.
You may have missed my point there Moosie. What I was trying to get at was (in my opinion) the big jump/s in SP were not based on sales. They were based on announcements (or, the perceived promise of future sales) and that is where the traders (or those others looking for a quick opportunity) started piling in. One just has to look at the exploding shareholder base in the COY office records - and a lot were only small holders. Over the ensuing months, there was no change in the fundamental message but the price still eventually pulled back to a $1 as their market corrected. If those traders had not pushed the price up by bidding on potential future sales/profits - but waited instead for the actual sales/profits - then the big spike in the SP would never have happened and neither would this big drop have been as pronounced as it has been - and will continue to be until something solid occurs.
I'm sorry Moosie - but I think sometimes the activities and attitudes of some traders have the effect of pushing up company SP's artificially - when the company's actual performance hasn't yet been reported and then they blame the company when the actual performance doesn't meet their expectations. Effectively what has happened, is gamblers have been trading on a businesses performance - BEFORE that performance has even taken place. Going back to my hole now....
Mondays announcement saw the **** I can't miss out here madness and a lot of PEB went through at 111
Ouch now 21 cents less
Moral - positive announcements no longer send the price on an upward trajectory
Reminds me of a true story I read the other day of an American gent who purchased a large mixed stock portfolio in different sectors and had a ten year time frame and so decided he wouldn't check those stocks over that period and low and behold at the end of ten years he had made over 2.5 times his original investment During that ten year period there were several wars, a large economic downturn and many other negative events meanwhile he enjoyed his golf,fishing etc nuff said
I'm guessing the test kits themselves are inexpensive to put together. If, for arguments sake they were $30 ea then we might have say 8000 test kits sitting in the lab or perhaps distributed to Urologists etc. (Inventory $242k at 31 March 2014)
Will they be utilised or are they gathering dust we wonder?
Time will tell. I'm betting they will be sold.
From the announcement
......opportunity to develop $100 million in gross revenue at the completion of its fifth full year of trading.
And
.......[could be worth up to $100 million in gross revenue for our company
Use of words like 'opportunity' and 'could be' and 'up to' not that quantitive are they .....a bit vague and maybe with a bit of good luck something like that is 'attainable'
Outlook seems to be along the lines is we will do lots of good things but not that much selling
That's my interpretation if the brief announcement - pent of debate before the ASM eh