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Online Share Trading

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Share price drop?

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AP
Regular Contributor
Poynting is dropping. Volumes are still weak. Share is currently in oversold teritory...Any thoughts on this share; is this still worth holding?
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11 REPLIES 11
SimonPB
Valued Contributor
depends why you bought it ??
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Penny_Pincher
Super Contributor
Back to its short term support level. Perhaps time to consider buying more. I didn't hear of any bad news. Shares move up and down in cycles.
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AP
Regular Contributor
Bought it for investment.. unfortunately bought it during the rise of the peak, but did not sell it on time...
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Preston
Super Contributor
@simon, He bought it on Giulietta Taveli recommendation
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samoa
Super Contributor
AP in that case I suggest you consider to double your holding?BTW I am also holding.
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AP
Regular Contributor
Thanks - I am holding...hope that it will start turning soon...
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Indigo
Not applicable
Could anyone suggest the most likely reasons why the directors are selling off like that? Thanks.
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partridge
Super Contributor
Perhaps they need the money - this is up over 100% ytd and a ridiculous figure over the last 12 months.More is the pity I just watched it and didn't buy it! But would I HOLD IT NOW - NOPE I THINK I WOULD BE A SELLER. Return is modest on shareholders funds - but this has good products, has reduced factory costs - as I recall - so could be a good little earner. But probably over priced - unless there is a buyer ( ??0 or there is some mega source of income about to flow?
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MehmoodHaffejee
Frequent Contributor
I have this share in my portfolio. I am holding for the time being; has given great returns so far.
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topgun
Super Contributor
Nice volumes today should clear the overhang...
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AP
Regular Contributor
I'm still holding; expecting/hoping for a breakout soon...
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