Well that’s all fair but if this thing drops below .40 cents then run for the hills and re-enter when a solid uptrend is renewed. I am very bullish on the company as well but that doesn’t mean we have to own shares in it all the time.
Protecting your own capital is far more important than owning shares in a declining instrument. How many here are currently wishing they sold out at .60cents. Sure wish I’d closed all mine.
So my point was, no matter how we feel about the company and it’s operations, no point holding it if the SP is in a downward mode. And just to clarify, in no way am I indicating that the SP is to dramatically fall further as I wouldn’t have a clue how incoming results are going to be accepted by the market. Its been staggering to me how the market has accepted recent announcements. I lost on two trades this week as the market didn’t like my interpretations of events but they won and always do. Gotta go with the market. Bad Slick.
Cheers.
IMU Price at posting:
45.5¢ Sentiment: None Disclosure: Held
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