still holding, still happy.

Hey Wilson et al,

Don't lose sight of the fact 48c was a "paper profit".
You never had it, you never lost it. Get over it. If you worry about all the money you "might have made" you'll not last long in this game.

Didn't it close at 35c last week ? Yes, that's right, your shares are still worth 14% more than this time last week. That means you're ahead, right ?

There are two types of traders;

You are either in a stock for fast "in and out" profits.....hard to sustain unless you have all day every day to watch it. Yes, there'll be people here who will always claim to have bought low and sold high every time......truth is they probably manage it 50% of the time if they are good at what they do...most probably struggle to break even after tax. Personally, my balls aren't big enough for this and my blood pressure enjoys being low !

The other type is those who buy for longer term gain and don't even bother worrying about the peaks and dips...it's the average increase you are after.

Eng has risen significantly 3 weeks in a row ( including this one) and you have to expect there will be weeks where it goes nowhere or even backwards.
It is a solid company with a solid plan and a management team who, so far, have delivered on their promises.

Will it reach blue sky, probably not, bet hey, anyone who bought in January has doubled their money in 2 months....that's not a return to be sniffed at !
And if it helps, my sums told me that if ENG continues to grow as they currently are (3000 customers a month) the SP "SHOULD" be 50c+ by years end. That's why I'm happy to hold.

Just another point, I bought at an average of 17c, if I had sold out at 48c my tax bill would have been $15k, so far this retrace has reduced my holding by $8k.....so, I guess I'm doing OK by staying in :-)

Warped logic I know, but it keeps me happy and that's all that matters to me.........

Eng is now tucked in the draw, probably until next year and I'm back to focussing on my other stocks.

Good luck all.