close your eyes, page-11

Agreed - I've had a bad history of choosing the best exit and entry prices. I hardly used stop losses (nil) until the recent month despite investing the last few years. I guess it's hard to see the bright /smart side of things when your loss is triggered, as they say psychologically behavioural finance is a hard contender.I felt it in AGO - bought in $1.57 last monday, sold out stop lossed two days later at $1.40. Instant loss of profits I'd made in a previous atlas trade and SUM. In hindsight I saw it recover to $1.45 that day and curse and swore. Wish I hadn't stopped out. Only for the next week it has now trended back down, $1.145 low today, $1.20 currently.

In hindsight the stop loss preserved more capital than what would usually unfold: see the $1.45 recovery, hold on thinking psychologically it could go back above $1.50 (recoup money), only to see it drop back lower and lower as it has now.

Similarly with DML I only just got in at $1 last week, out at $0.89 today, sucks to lose $0.11 in over a week, makes you feel like absolute crap. But perhaps in one or two weeks we will see $0.70, $0.60.

Honestly I wouldn't mind it continuing to drop for some vindication and an oppt to buy back in before sept qtr results come out. But our point shows you can' time the best exit time, and it may indeed jump to $1.10 tomorrow. But given the way the market is playing now for the resources sector,a nd all the weird no of manipulating (looks like it) buys and sells, we might as well play along withh their game and get out.

Sure - the real value means we'll see $1.20 again, but if it means going down to $0.60 now, why not cash out with them and buy back when things look clear?

The current environment is so negative and not looking great that there's more risk to the downside now. I have so many stocks where 1-2 years ago they had alot less proven resources, not in production etc, and yet they're half, 1/3 of their share price. Sentiment in good times as I have now witnessed makes a hell of a difference, adding 'value' where perhaps there isn't (in the tangible sort of sense). Will be back for resources, but perhaps we have to weather out the storm first and preserve capital.

Best of luck to holders, I'll be watching and crunching numbers still. Hoping there isn't any bad news they haven't told us about and perhaps the big drop are stop losses and large holders liquidating to meet obligations.