Desmotronic, good advice to sell the shares when they were at 90 cents indeed.
The share price has collapsed back to close at 48 cents today.
Expect further declines in the share price as the Toll shareholders prepare to dump this volatile stock.
Such wild and rapid swings in share price is enough to drive away any long term or serious investor and make any institutional investors stay away in droves.
A junk stock perhaps?
When it was floated a few short years back for over $2.20 or so I remember the fanfare of Sir Richard and Brett Godfrey touting its wonders and its fulfilling future.
I agreed seeing that picking up where Ansett left off from was a bit of a no-brainer.
It had a ready made market, a single aircraft fleet, lower wages and new aircraft.
Since then the shares peaked at $2.81 in Feb 07 and have been decimated ever since with todays price of 48 cents after having traded as high as $1.25 earlier in the week!
Changing business tactics midstream from their original business plan hasnt exactly panned out as desired.
I'd be wondering if Mr Godfrey's business plan has been up to scratch.