I used to2 Jun 2010 02:52
believe it was MM manipulation with this stock flatlining and falling on small volume. Glad I bailed at 27 pence - one of the two stocks I have bailed at a loss. Even though this seems undervalued at this level I just cannot bring myself to buy. Last RNS was a true reflection of the tough market STY are in with thin margins and little work to tender for. I truly hope this comes good for all holders. My concern that stood out was the cash burn. This really does seem oversold and good value at this level but many were saying that in the 20's and 30's including myself! STY has been an absolute dog - no doubt on that. Agonising, frustrating and wealth destroying. However to be in at this level - there has to be decent upside over the next couple of years I would imagine - hope so - has a long, long way to go for many to break even who held. At this level - a buy - on balance - yes probably.