Bottom fishers can profit once the initial selling has subsided, but must get out before the share price resumes its downward trend. Otherwise they'll be nursing losses for a long time, or until the company turns itself around.
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And it came to pass, that CLLN duly fell to 28p. Caveat Emptor!
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And it came to pass, in July 2017, that CLLN fell even more to 14p. Caveat Emptor!
Obviously, the fundamentals are dire, but there appears to be support around 50p and with a triple-bottom and much reduced volumes it might be worth fishing at this depth. I have a few at this price. It has won more work since the profit warning, so it may all turn on whether the contract review identifies those as profitable or loss-making?
andmk2
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@shares4sharing, Dicing with shares at this level is not my thing, but I still learn from the aftermath, which is why I follow some companies who've hit hard times. Good Luck and thanks for the comment.