how low can it go, page-4

generally when u lose money on a stock one of 2 things happen

1. one tends not to touch it again or

2 one tries to make money out of it

With the 2nd point you have to be very careful because you think the bottom has been reached. I am in the same boat as you. I was up $150 on this and eventually sold for a $30k loss.

The best thing to do is wait till it bottoms out and forms a base. This wont happen in one day. You will need to look at a few weeks for this. And you wont miss out because even if it has a big run there will be a lot of people waiting to sell out and it will tank again. This is a bear market as well so the sentiment is on the down side. With oil coming down and tipped to come back to $30 who will bother with U at $60?

Also, with the recession and other disasters in the US nobody is touching shares.

There are too many negatives at the moment. Buying shares is a game of increasing positive proabilities in your favour. At this stage the scale is weighing in favour of the negative. So wait till it tilts in your favour.

I too want so much to make my money back but the market will not run away. There will be plenty of opportunity. PDN never ran to $10 in one day and neither did it fall to 1.79 in one day.