Both bull and bear markets are never in favour of penny stocks. Only the stable markets provide them a chance to grow. Every time when the market is up big time, my portfolio is red, same vice versa.
Penny stocks are always dependant on news flow. Goa does not offer anything till end of January, therefore sell off. But all these things are just logics to relaxe our minds.
I will say once again, its your money so decide for yourself. If you believe on the story, hold on or even buy if you have cash. If you don't believe the story, sell and buy something else as everything is cheap because of world financial crisis.
Cheers
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