Short Term Trading Week Starting: 30th Oct, page-375

  1. 6,951 Posts.
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    ok guys just an update.
    still really annoyed that I broke so many of my own rules when buying into MUS
    still can not really believe it atm to be honest
    just one of those bad judgment calls that really turn out for the worse.

    I was actually planning on selling out of my MUS options on the Monday
    that traded for an hour or so but had a meeting for work that same time period,

    so instead I set a sell order at 9.5c ( my buy in was 12c)
    needless to say it did not get hit reaching a high point of 9c before it was suspended.

    I have decided to sell my options in MUSOA at 2.7c, a massive loss from my purchase of 12c
    but I'm still in the game, I personally feel that the ruby project is just fundamentally flawed
    and even at 5c has a massive 40 million MC for what it has on offer, yes it might have some decent rubies and the graphite could
    turn out ok, but if I'm honest with myself I see fair value at around 2.5c there, given that my options would not have much value at a 3.5c strike price.

    given this I will take a week or so break from the market even though it is running very well and just get myself together then will try to find a very low risk high reward scenario the opposite of what MUS was lol.

    btw girlfriend is ok with me again so all is ok there. I will have to learn to manage risk more and diversify my portfolio a lot better in the future.

    again thanks for all the kind words and comments it really gave me a prospective that many others are doing it worse than me, I still have a job, good health and a my own house so all is well.
 
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