SEO appeared in a list in the Daily Mail (I don't read this one honest) of the worst performing shares of 2006, down the equivalent of 97% so it says. Fortunately I'm in rather late on this one so only nursing a small loss and topped up at 1.107p just before Christmas to bring my average down. Unfortunately I also hold one of the other worst performers of the year according to the aforementioned tabloid, namely Sanctuary Group. I was foolish enough give the board a second chance and take up the rights at 50p to see them go from 56p to 6.5p. If I'd felt confident and bought again at or near the bottom I'd now be ok, as the're back at 11.25p now.
Of the two, I think SGP will recover somewhat since the fall really looks to be overdone. SEO will need a contract and then should fly, but lots of us have been saying that for a while now and it still hasn't happened. There seems to be good support at 1.1p and (funds permitting) will buy at this level and keep taking a small profit unless it breaks out above 1.2p.
This does seem to be the most ramped/deramped share around, everyone either loves it or hates it. I think in 3 years we'll be looking at a hugely inflated SP over today, but in 3 months? Could be lower, but my gut tells me to hang on and top up when I can.
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