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Beaten up small caps

Discussion in 'ASX Stock Chat' started by craigj, Jun 30, 2010.

  1. craigj

    craigj

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    any recommenations on a small cap stock that has been beaten up undeservedly in this current market retracement or is now trading below cash backing
     
  2. So_Cynical

    So_Cynical The Contrarian Averager

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    The selling hasn't got silly enough to get to that level...still lots and lots of value at the open today.
     
  3. mobcat

    mobcat

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    KOG,RMI,WCU,WGP.NWE all oversold at current levels i have been buying all of them and dont feel i am catching falling knives good value :)
     
  4. Joe Blow

    Joe Blow Administrator Staff Member

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    Lets call them suggestions rather than recommendations and, as always, reasons must be given when nominating any stock.
     
  5. tech/a

    tech/a No Ordinary Duck

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    If your not shorting then your a Stabs victim you just cant feel it----YET.
     
  6. nunthewiser

    nunthewiser

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    not all.

    ggp........plenty of swings and patterns.



    i trade them, i am now ramping them in my mention ........
     
  7. Joe Blow

    Joe Blow Administrator Staff Member

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    You got in just before me mobcat but I'm sure after reading my post you will be more than happy to supply reasons for each one of the stocks you have suggested :D
     
  8. springhill

    springhill Make the drill work for YOU

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    Posted recently in the Innamincka Petroleum thread.
    I feel this has been oversold. 260m shares on offer, $14m in the bank, giving a cash value per share of 5.4c. Currently trading at 6.1cps.
    Will be looking for an entry at 5.5cps, just missed today as it bottomed at 5.6cps.
    Giving a value of exactly SFA, for any tenaments and minor production. the maths doesn't lie.
     
  9. yonnie

    yonnie

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    KOG has too much debt $ 2.9m and only 665k in cash on 31 March; wouldn`t touch them. RMI has a good cash position.
    dont track the others.
     
  10. kavla1970

    kavla1970

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    Hi all,

    I have never posted before(watched for a long time) but this line had me on the floor all afternoon.:D:D
     
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