Hi all. This is what I see with a lot of BB stocks. Without the news a stock drops a lot in price after a good run. Seen it many times now. So, now I am glad I sold out above $ 1. I am looking for a time to buy back again.
I think fundamentally there is nothing wrong with this stock, we only need to see if they get audited figures. Remember that they bought Wellux for 500.000 shares, approx. valued at $ 1 a share. I think there is a restriction on those shares to sell it, but think that you were a shareholder of Wellux and you accepted stock, then you must be pretty sure that you would profit from it and that the potential is good. Otherwise they could better sell their company to another party for cash, then they know exactly what they had.
So, for this reason, I think the stock will have good potential and I am thinking of buying half of my position back at these levels and if it drops more, I buy more. But I am still figuring out what the best timing moment is. With these stocks it is so important. I don't like that the stock drops on big volume, so that holds me back.
Again, up till now I don't expect to much from this Niphix system, but who knows, maybe it can become an active system. I see the revenues coming more from the plastic products business.
Any remarks are welcome.
Rene.
Deb, thanks for your reply. |
