CCC 0.00% 0.1¢ continental coal limited

recieved an email from mihal , page-39

  1. 1,932 Posts.
    I am surprised by the number of people that seem to actively invest with 'stock held' for CCC from way up near the top.

    I suspect a lot of people holding CCC are new to the game and didn't really have a bail out clause in their investment of CCC, ie a stop loss.

    I can understand if you bought and then don't bother looking for a couple of months, happy with the possibility of upside. Although doing that with a speccy is pretty risky.

    For me the loss of money on the way down (ouch) was bad enough, but what got me to bail was the opportunity cost of other stocks that I was interested in moving up. Eventually I came to my senses and bailed and have since made the money back. All the while waiting for CCC to turn around to jump back in again.

    CCC was a big lesson, of which I learnt from. All of you guys still in the Red, if you take nothing else away take away the lesson of the stop loss. Be sensible with how you use it though, that is another lesson though.

    Good luck holders, hopefully a turn around isn't too far away.
 
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