Bottom of the Barrel Valuation, page-9

Sincerely wishing HODL'ers all the best

Good afternoon @618 I thoroughly enjoyed the read. Sympathies for the nearly $1M drawdown in the portfolio you have my respect in sharing that.

Also, thank you for explaining that you have a 40/60 split between trading and investing. Prior to reading this, I could have sworn you just posted a perfect thesis for the shortsellers to piggyback off. Infact, prior to reading about your split between trade and investment, I could have sworn YOU WERE A SHORTSELLER TOO!

There was little positivity in what you wrote and therefore I am honestly perplexed into your decisions to still want to buy a company now that exhibits so much risks as you have highlighted. On Monday I would not be surprised if this bounced 1 to 2c but with the degree of overheads we are seeing at 33c, 32.5c, 32c and last close of 29c just means ANY spike up is not only going to be sold into, but shorted.

In regards to Buyers & Sellers it is looking ABSOLUTELY BUTCHERED!! I really wonder how many other players on the sideline are still holding onto their positions, regardless of it in profit or in losses? AND what price will these folk decide to cut losses at?

Hey @Spockie prior to the collapsation I had my spider senses of a share price destruction and shared my posts within the STX charting thread don't think anybody else in the ASX financial markets have called a potential downside of 14c to 16c

This is a detailed post for more background! All the best
https://hotcopper.com.au/threads/stx-charts.7126548/page-1033?post_id=72420905