Bought on 28 Jul at $1.03 and sold it within a week for 16% return, and it went on to post a high of $1.24 days later.
It was on a north bound trajectory and even on rumours of a potential takeover.
Had I held on a Buy and Hold basis that it is cheap, I would have lost 61% instead of making 16% in a week. That alternative 61% loss would have materialised in just under 3 months.
You just can't play this market- too dangerous. Cheap can get truly cheaper.
