There's a decent conversation trying to happen here - but its getting swamped in snips and jibes.
ZIP is as good a stock example as any to discuss what to do when things go south?
When to sit tight? When to offload? How to determine a strategy? How to tell what's really going on?
As traders we need to be good at making decisions based on limited info - and we always have plenty of alternative stocks to choose from.
As Mak says - losing money on a stock should not = hanging in to the bitter end.
Better to shift what's left to something moving up - than to watch it fall further.
The key question then: does ZIP have a chance of getting back to (say) 50 cents in the near future? If so, how will it achieve that?
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0.3¢ |
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Mkt cap ! $3.246M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
19 | 19675009 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 12372885 | 11 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
19 | 19675009 | 0.003 |
25 | 18654103 | 0.002 |
4 | 6299950 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 12372885 | 11 |
0.005 | 6884396 | 14 |
0.006 | 5025000 | 9 |
0.007 | 509874 | 2 |
0.008 | 986203 | 5 |
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