RE: SP DROPS ! A DOWN DAY TODAT !30 Nov 2021 15:06
Thanks for that Yanis.
It is nice to have sensible debate on the board rather than the drivel we get from the scoundrels, and on that note, I hope you take my reply as being in the spirti of debate and not that I am looking for an argument. I'm not. I am simply giving counter-point to your points, and awaiting your reply.
On the financials - I don't know if you saw a post I made not too long ago in which I drew to roly's attention a video of an interview with Mike Read from a few years back.
He talked about the financial situation and was very upbeat. He was particularly pleased about the way EBITDA was going.
roly infomed you that I once had 6 million shares in FLX. That is true, and how I came to end up with so many was because the financiials convinced me that FLX was a buy.
I also thought that because the cyber security sector was expanding, that was another reason to buy FLX shares.
So a few years ago i would have been in total agreement with you. A few years ago I used to argue with FK1. I told him that he was wrong.
The sp went down and down and down. Eventually I realised that FK1 was right and it was me who was wrong.
As for your bit of chart analysis. Thank you. I have often told people on these boards that I am not an expert at chart analysis and so I value all other opinions to help me to determine if my view is correct or if I have got it wrong.
Since I am not an expert, I can't argue with your views. Time will tell which of us is right, but just a bit of counter point about "bottomed out to me on a weekly basis". Over the years, I used to buy more on what I thought was the bottom. It never was and, today, I don't know here the bottom is.
So, I hope you take my words as a bit of food for thought, as I have done with your points.
I will be honest and say that I have confidence in FK's forecasts, but I will bear in mind your points about the financials and about a possible bottom. As I said, my aim is to make money and if I see signs that you have got it right I will buy in.
Good luck to you with your investment.