generally when u lose money on a stock one of 2 things happen
1. one tends not to touch it again or
2 one tries to make money out of it
With the 2nd point you have to be very careful because you think the bottom has been reached. I am in the same boat as you. I was up $150 on this and eventually sold for a $30k loss.
The best thing to do is wait till it bottoms out and forms a base. This wont happen in one day. You will need to look at a few weeks for this. And you wont miss out because even if it has a big run there will be a lot of people waiting to sell out and it will tank again. This is a bear market as well so the sentiment is on the down side. With oil coming down and tipped to come back to $30 who will bother with U at $60?
Also, with the recession and other disasters in the US nobody is touching shares.
There are too many negatives at the moment. Buying shares is a game of increasing positive proabilities in your favour. At this stage the scale is weighing in favour of the negative. So wait till it tilts in your favour.
I too want so much to make my money back but the market will not run away. There will be plenty of opportunity. PDN never ran to $10 in one day and neither did it fall to 1.79 in one day.
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Last
$13.54 |
Change
-0.265(1.92%) |
Mkt cap ! $4.063B |
Open | High | Low | Value | Volume |
$13.64 | $13.76 | $13.53 | $5.116M | 375.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
24 | 2994 | $13.53 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$13.54 | 1558 | 27 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
15 | 2105 | 13.520 |
14 | 8158 | 13.510 |
29 | 18169 | 13.500 |
6 | 3071 | 13.490 |
4 | 5061 | 13.480 |
Price($) | Vol. | No. |
---|---|---|
13.530 | 2015 | 14 |
13.540 | 2862 | 28 |
13.550 | 2233 | 16 |
13.560 | 4755 | 16 |
13.570 | 4146 | 8 |
Last trade - 14.48pm 16/07/2024 (20 minute delay) ? |
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