Why I had stop-loss at $1.80? a) Between Jan20 and Oct20, insider/substantial were net sellers. b) the price ran up based on Chinese JV forecast, don't be surprised to discover cook-up when data based on Chinese accounting.
Why I would not re-enter at this price? a) Even after huge buy side i.e. almost 10% of companies share changed hand in new buyer's hand today, the SP managed to stay at low range. Typically price consolidate back up by big margin in few hours after big fall, see history of any stock. This to me indicate huge selling supply - lot more yet on offer for sell in background. b) Refer, historical performance of this stock, many instances of surprises. I expect more unpleasant surprise.
Changed my status to 'Not Held' (Sold out today),and sentiment to 'None'. Would wait and watch and evaluate once below 99c.
MCP Price at posting:
$1.20 Sentiment: None Disclosure: Not Held
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