It has happened to me many many times, just as I use the (Stop Loss), it bounces back like 20-30% and when I jump on board, it dives...I have given up about 6 weeks ago, I have decided I am going to ride this stock to the end.
Made a dollar out of properties over the last 2 years, so I decided to have a go at the Australian share market last Sept, I have always liked the idea of properties, so when CNP started dropping, I kept an close eye on it, my first share trading was in Jan, when CNP dropped to $0.48cents and then it bounced back to around $1.00 and it stayed at around a $1.00 for another few days, I thought, that must be the right time (according to those Investing in shares for dummies book) well, we all know what happen then...
To a point, you can call me stupid...I have actually feel sorry for this company, and I have grown a sense of attachment to this stock (CNP), I don't know if it is call love. I have sold it many many times, but it only gives me sleepless nights, worrying the next day they may have a massive bounce. The longest time of not holding CNP was only 3 days for me, and it was killing me.
I have lost about $60k now and I am glad that I am only 31, I honestly feel sorry for those who have lost their life saving over this sub-prime especially if they are over 60yrs old,
$60k to me is a lot of money but...somehow...I feel... nothing...maybe it's because I still believe they will make it. Perhaps I will feel angry and sad only when they are trading at $0.00
Sentiment: N/A
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