will it ever recover to the 38p i paid for them??

anyone heard anything?

proptrade - a lot of buying this afternoon in not bad volume, AGM coming up 20th May when they will need to be able to announce something interesting to keep shareholders' attention - hopefully at least a signed deal with a (solvent) US airline. If nothing good to say then will be further sell off, I guess.

Meanwhile, I do not expect any other news for the next month. I'm well into these, sitting on a very painful 48% loss. Should never have averaged down, except all the signals were there to do it the last time I bought at 14p which had been well established as a support level over time, also good prospects announced from a well-managed company and tipped (as still is) by RHPSG (Tom Bulford syas he has talked to FD and they are getting ready to announce US ariline deal and CEO has been in China discussing JV type deal. They are testing refrigerated units and exploring other industrial applications for the technology.

Maybe some/all these aspects will be given a positive announcement at AGM.

As to today's fall off in SP, seen nothing, heard nothing. Everything is looking almost like SEO except no new sales for the current year apparent yet. What is Pyramis without his Thisbe, or SEO without its ASDA, or ARX without a single sale?

What's your analysis?

SD

i have follows this stock for ages (from just over 20p) becuase i love the concept but just questioned the cash position and order flow issues.

i have maintained over this thread that i would rather miss the first 20%+ move with a decent order with confidence that the company is now viable and earning, than just wait and see if there is takeup.

I think this company has HUGE prospects but in the same way if they have no customers they will have no business.

cards on the table i think ARX will survive and thrive but i am not punting until i see the dealer deal out a couple of aces (or even one!)

plse keep me updated as usual
rgds
PT

decent buying today...various players involved.

Proptrade, thank you for supporting the position my head tells me is right - to save me from my heart that wants to buy more. You are a better man than me for not having been drawn in yet.

ARX is an almost perfect paradigm for me (as I have ranted on about before) but I do need to learn to maintain discipline not to go in any deeper until there is a definite prospect of sales. Roll on the AGM when I have great hopes of good news.

SD

SD,

stick with it. we have all made mistakes and will make more in the future. i have been burned and listened to my heart a few times but i also have a City background so usually, but not always, take a disciplined approach.

with all trading there are only TWO key variables when buying a stock:

1. discipline - pick a level for entry and exit and
2. risk management - trade with what you are prepared to lose and when doubling up, refer to point 1!

not teaching anyone how to suck eggs here but that is how i trade 90% of the time.

Rgds
PT

PT - the more eggs you suck the fewer you learn to break! Thanks for your advice.

I got in at the wrong level 20.75 and have averaged down twice at 18 and 14.1. Of course averaging down only makes it look good 'cos the average loss reduces as a %age, but your absolute loss is still there. When the SP goes back up you feel very clever, but the reality is that your losses would go back up anyway, so making you money from where you are really starting - at a reduced capital level.

So the averaging down in my view is not to do with making the averages look better. It's purely to do with wanting more stock in principle and getting it at a better price than the last lot. But the better price is sheer illusion, unless the first part is true - you want more anyway.

Having committed the level of funds I am happy with at not so bad an average price, there is no merit in buying more even at this low price, even if proved right. Much better not to risk more capital and take an opportunisitc dip in on a good bounce.

Guess who am I trying to convince? Is it working?

SD

Should I buy in at 10.25p or do you think more good news is needed... I respect that i have to do my own research but just a question for the experienced ones?

Sid,
I have followed this stock for two years or so, but never held. I once was hovering over the buy button at 39p when the Jabberman on another BB announced the price would be 50p next week, and I decided it wasn't a stock for me!

Sadly I was right, 39p was more or less the high point, and the price has fallen back since.

It's a shame, because I want to see the company, and product succeed.

To assist you in your reseach, I have posted a 1 year chart below.

Think I'll add it to my watch list and as Stockdog said... wait for upward trend!!!

sidtrix the chart is on a downward bender - with no visible sales this is one stock that could go under, although I do not think there is evidence yet that it will. So caution is required.

With the chart on a down bender with no visible means of support, is another reason to wait and watch, in spite of reassuring words from the FD to Tom Bulford on RHPSG.

As a small punt with at least a 2 year view it is probable you will come to no harm eventually. But as Andy says, if it is going to work and make ssales progress eventually, missing the first 20% rise from 10p will not be relevant within 6 months.

Wait for lift off on some positive news at the AGM, is my instinct still. If the price starts to rise noticeably immediately prior to AGM it might be worth a little toe in to catch the good news in the air that has probably leaked out from the AGM reports.

SD

Wise words SD and another point ... would you have expected the FD to have anything but reassuring words for Tom Bulford ?

The number of times tip sheets have been duped by CEO's and FD's is hardly amazing when none of them is likely to paint anything but the rosiest picture.

Good luck , I'll add it to one of my watch lists.

I use tipsheets to bring attention to me of an interesting possibility, then DMOR, read the posts, study the chart and if I understand what I've seen, I get interested. Tipsheets are notoriously not to be relied upon, but neither is a magazine any better. Having said that the ones I use have given me a very intersting cross-section to be inspired by and only one has badly let me down and they admitted it.

Watch and wait.

SD

hey, it was me who mentioned missing the first 20%!

proptrade - emulation is the highest form of flattery - was that Andy or Mark Twain who said it first?

SD

loving you man!

sub 10 where is the bottom???

About 8.5p lower!

ouch...

Oh, the pain - surely there must be one airline in the world who wants to buy a sodding cardboard box!

What a grim couple of weeks - most of my gains for the year are looking pretty sick and most recent acquisitions well below their cost.

Do we hang on for one more push back to 5000+ FTSE before the summer, or sell out of the market now?