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Originally posted by Senpras89:
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Hi everyone,deep value play with idiosyncratic value drivers, it should not be market linked. I do think that traders and investors alike will look at pockets of value once they rotate out of overheated sectors like tech. There has already been a rise in treasury yields which suggests a rotation out of technology exposure as the risk-free rate continues to go higher (evidenced by the downturn in the Nasdaq100/Dow Jones ratio).What I will be doing if volume is available: margin of safety - evidenced by us hitting this range numerous times only to see the stock shoot back up.So many positive announcements can be very unexpected despite having a general timeline, Have thick skin and be able to take market volatility. The drop from 2.81 to 2.43 cost me around 400k....on paper. That's just what it is, a paper loss, not an actual loss and I know where this stock will be in 3 years, I was saying this when I bought in at 0.35c. Crazy to be selling this because of market conditions crushing already overheated stocks, but take advantage of market stupidity.
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Thanks for sharing this with us, a brave thing to do. I guess at one stage you had made over $4.0mn and have since dropped about $2mn of that. I admire your fortitude and long-term view.
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