RE: Falling share price10 Aug 2015 14:58
I too have bought in at a higher price (282p) and have watched the price tick down since then. On paper, I've lost a significant amount of my investment and it hasn't been fun. I have given a lot of thought as to how best to manage both my current situation and my future expectations and this made me think again about why I actually bought the stock in the first place.
For me, this was essentially a 'conviction' buy - sure, it's a start up that makes no money but there's a lot to like about AGM and it's potential and none of the 'good stuff' has changed. The client testing is, from what I understand, continuing well and the types of companies that AGM is partnering with (and will end up supplying) means that growth, once sales commence in earnest, will be rapid. Patent approvals are in progress, Japan is already approved. There is a very bright light at the end of this tunnel but as the share is very lightly traded and in the absence of any new developments, I would not be surprised to see further price movements. This works well for me as I shall be topping up in small chunks to average out my position. Best of luck to all holders out there.