I got out last Friday for stopping loss, but I will watch NYR closely and hopefully come back at a lower price once I can see a confirmation of the end of the correction in general market. The general market confidence is cracking at the moment and I need some spare cash to get prepared to buy something at a bargain price later.
It's deep red for you because you bought this one over the previous hype. I consider NYR of great potential. It may become a 5-20 bagger winner in many years rather than in weeks or months. The SP of each stock is just like the general market. They both have their own cycles. NYR is at its early stage in their growth, and it takes time. To invest in this kind of speculative stock, you really need patience and a clear understanding of what you are after here. For me, I only take a small position here compared with my other holdings in my portfolio.
DYOR and good luck mate.
NYR Price at posting:
21.5¢ Sentiment: Hold Disclosure: Not Held
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