Hi there White.
Yes I tend to be reactive with my posts ...apologies if they have upset anyone.
Regardless of the open tomorrow my intention is to sell half . (At 5.7c I have just over 20% average loss on close to 300,000 shares even though I grabbed 30;000 at 5.2c the other day to average down .)
I am going to stick half the proceeds (maybe $2 grand ) into a low cap beer company straight away because the other day out of the blue someone bought 3 million shares there and my ‘signal holding ‘went up 25%. (I don’t post there as wasn’t really invested in any way)
The rest I am not sure of .... I don’t day trade ...tried it a few years back and came out -after lots of thrills and spills- $5 grand in front but my ex accountant cross checked and rechecked every one of my meticulous records and charged me $5 grand
I might put it in with some of my keepers or be silly again.
Luckily for me I can offset the losses White .
My New Years resolution is not to be involved with any company where I have any reason not to have confidence in the professionalism and goodwill of Management, (sadly even as I was formulating this intention I was pushing the buy button here . )
the other half I am going to leave here while I watch the ‘weather ‘
I am sure there really are going to be some positive announcements and we’ll climb because these kinds of circus stocks only go dead when there is nothing left to ramp...and if the company can get any semblance of a professional face together it may even fly . (They’ve done pretty well even without that face)
When/if we get to just over my current break even point I will sell another chunk and the last 25% of the shares maybe can stay here for a bit to see if they are able to mop up the losses. It’s not a big thing for me as I am -thankfully- 180% up on my portfolio overall
If it starts to flatline I will simply sell and walk away...have sat in too many dead stocks for too long.
If it goes up I will still sell. Proof of credible Management would make me reconsider but I am totally allergic to baseless self promotion. The last announcement said the news is we may be going to test pain relief results using a pill (not a capsule)
It cited how pain relief studies have already been very thoroughly carried out then said it was is going to be very exciting for everyone if this world first pill (not a capsule!) works. Who cares if it’s a pill or a potion or a capsule.?
So I just don’t want to be in it anymore . I made a mistake . I don’t care .
I also don’t think that my 140,000 odd shares are going to make any difference whatsoever to the overall company orvtomorrow’s trades.
Nor do I think there is any social media index which this post will affect in any way.
Cheers and good luck with your choices and to everyone else with theirs.