Hi aqutau,
personal opinion only but a buy here or close to 10c would be worth a punt imo, but with a ruthlessly tight stop loss below 10c. A break below 10c given the slavish use of the chart structure I have posted would indicate a crisis.
With regard to Pezzimist - there is many an 'investor' who was forced to classify a redhot purchase as an 'investment' as it sank into the red. The golden rule is to protect your capital. Thats not daytrading - thats commonsense. Who in their right mind would go long in a stock if they thought they could buy it for less next week or month. Thats not an investor either. Thats just plain stupid. Or pigheaded.
For what its worth, recent Funds industry data suggests that the major investment funds have also modified the length of their Buy and Hold windows.
The average is now 6 months.
Guess that makes them daytraders to. Lucky there is still someone prepared to sit there and ride a stock down so the rest of us can get out at a decent price. Thanks. People say that chivalry is dead but thank God there is still you.
Cheer up, I'm pulling your leg.
Cheers,
PSD
psivida limited
