What concerns me with this new LNG type thinking today is that shareholders that have just lost a crap load over 2/3 years will start to believe its way out of trouble, to re-coup our losses, put the blinkers on for another 12/18 months, add to a few more CRs, then find out the hard way again that its the same old thing....
Cut your losses. Penny stocks have cost me over a hundred grand in 20 years. I dont blame them, the Co, thats the easy way out. Its my own fault.
Was lucky enough to listen to my wife a few weeks back after the sharp oil drop and spread my investment funds. Still lost the smaller parcel i had in 88 but could have been a shatterer.
Dont fall for the spin that comes out and pour more cash back in. Still plenty to make in the blue chips and other more reputable higher grade stocks. This market cycle is just starting.
This morning was the last time i wake up expecting to be made rich by a penny stock ann.!!! Too much like a pokie.
Good luck to those that have no choice but to hold. I feel your pain and hope it works out. Just think before you start topping up, please.
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