I just don't know how to be an Investor in these pennystocks that have 9/10 failure rates in the long term. I agree it will go for another pump but WHEN?!
It could slide to 0.001 as so many penny stocks do, before they go for 500% to 1,000% runs. I run the risk of having $0 capital so for the time being, I have sank low enough with this ship.
VIC re-opening their state and yet these muppets couldn't even drop the news during a COVID19 lockdown. The whole case I built around buying the rumour and selling the news have been at my own detriment. I gotta stop vocalising insider activity and just go with them instead of trying to make every single retailer get in before pumps. I work too hard for very little rewards truly
GLTAH it'll have it's day in the sun, perhaps after a 50% further decline. Either way it's waaaaaaaaaaaaay too far away from my entry and thats why I bailed.
I MAY HAVE SOLD DEAD SUPPORT who knows but with no news, no market depth games and no reason to create interest in the stock, NOBODY is keen to be touching it hence we dunno if 0.006c or 0.004c will be seen. The stock is PURE GUESSWORK!!
I thought this was an existing UPTREND with the stock pulling back into supports but 50% is quite a large pullback without any fundamental change in the stock. My timing and entry was shit thats all I can say and I paid a massive price to learn what was visible 1 minute after I put the trade on. I fought against every bit of it.
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