Jet, I am in general agreement that what you have said is a good strategy. Timing the day to day movements is very difficult and there is an element of this in what I am doing.
While I agree in general terms, I will break with the strategy and sell half when I see a long period of under performance ahead - and make better use of the capital which I have done.
Now I know breaking with the strategy is a risk and so I rarely do it. Such strategies have worked for me most of the time but not always. At the moment it is working with ACR. If a sudden good news announcement comes then I will be down the drain even more - a risk.
It comes down to the end of last year when I did not believe the cash flow positive prediction and I was convinced the disaster of losing one of our distributors was not going to be easy to fix.
So in a sense I am gambling a little or a nicer way to put it is taking a calculated risk.
Providing ACR pulls through, sticking to the strategy is probably safer.
ACR Price at posting:
9.0¢ Sentiment: Sell Disclosure: Held
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