So also with buoyancy comes trust. Buyers may be existing holders or new.
But for those that thought that it was safe to buy at the 4c, CR base, BURNT. For those who thought that it was safe to buy at the 2c, CR base, BURNT. etc/
The registry is made of all those from 20c to 1c, who have thought the bottom was in, at one point or another.
In order to have some confidence in a trade from say 0.8c to 1.5c, i need a couple of things. That the CR dynamics of this underwriter are to the usual behavior, and that there is some buyers afterwards who would still believe their is value in a "NEW" bottom.
But it would only be an opportunity window trade if i was able to convince myself, of that others would be prepared to pay more, in expectation of better days ahead. I have no such belief myself. Though i dont discount, a turn around is possible. I just dont drink the coolaid, or suffer its effects.
DXN Price at posting:
1.3¢ Sentiment: Sell Disclosure: Not Held
