VYS 0.00% 51.5¢ vysarn limited

chart - next move is coming shortly, page-111

  1. 3,740 Posts.
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    The weekly chart looks like a long term downtrend with a repeating spike on each news announcement.

    LT (ie a 18 months at the minimum) I remain very bullish on MHM. I know Hotcopper is not a forum for advice, and I do have my own opinions on what to do so I'll phrase the question as "what would you do in your opinion":

    Holding large parcel of heads average price 22 cents, holding slightly larger parcel of options, 20% underwater but with every intention of converting the lot.

    Firstly, if you were thinking of buying more to average down, would you wait for a break of trend or given a bullish long term stance, average down on the oppies now with the intention of converting them before August.

    OR

    Should I look for an opportunity to sell my oppies, bank the capital loss and buy an equivalent number of heads to hold long term and reach a favourable capital gains position sooner?

    In reality I'll probably just stay put as I feel uncomfortable increasing my overall portfolio proportion in MHM. I guess I'm putting the question out there because I 've become so pessimistic about long term macroeconomics and ordinarily look to being able to exit quickly, MHM is the only stock I'm keen to hold for the long term.

    Thoughts, ideas, gratefully received.
 
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