I bought a company I really liked , new technology that really interested me - Carbon energy (CNX) early this year. Started buying them at 0.275 , averaged around 0.36. It was going great guns and I was showing a healthy paper profit , it was up to mid 50s , then it started to drop , I think the CSIRO sold a heap , a director sold , and it went down to 0.37 - I was so disappointed because I was up so much (for me , anyway) , and I sold , just so I could feel like I didnt make a loss.
After sleeping on it , I still really like the company and believe in what they are doing , so I bought back in the next day......the rest is history.
Sound familiar !!!
I am now in the same boat with BTA , first bought in at 1.56 , average $2.09 , and am not so slowly watching a paper profit get eaten away.
But I just tell myself , I believe in all the good things to come with the company , remember CNX
So traders , do what you like , believers , hang in there , there is too much good to come (like CNX)
BTA Price at posting:
$2.40 Sentiment: Hold Disclosure: Held