HAIK21 Sep 2010 10:23
I bought this share last year and topped up this year with a 30p average, knew this was v high risk. Hoping that Rulin would help to turn Haik back into profit whilst increasing their turnover considerably. I was anticipating roughly break even for the 1st half of the year and was miles out. The main area I was interested in was the outlook for the short/medium term. The management don't appear to be showing much optimism for the near future in that statement so I had to pull the plug yesterday. If I was on the computer at 8am I would have sold immediately, I wasn't so decided to hope for a bounce and dived out at 23p mid morning. What amazes me is that people comtinued to ramp this up yesterday when the results, which I thought were horrific, were in black and white for all to see. Unbelievable.This is beyond very high risk now imo. If the banks continue to back them and they somehow turn it around then you could make a fortune from these levels but it's too risky a punt for me at the moment. 1 to watch.