There were only few 100k sold to get it down to 19c from 28c....

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unname101

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31/08/20

16:30

Post #: 46959999
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Originally posted by jumbie: ↑

I'm a bit more pedantic than I should be, I know. But if it trades at 20.5c, I see that as a break through 21c. I know there's always that "over shoot" and one should allow a small % wriggle room.
However I'm going to go out onto a limb - which I am happy for someone wiser to saw off the tree. From my charting I am looking at a retracement back to 16.5c, and possibly a deeper longer term pullback to 13.5c.
To that end I'm hanging onto my current stash, but hanging out to add to it should opportunity knock.

Whereas I see the results as somewhat neutral - good & average (read bad as market thought they would be better and factored that in) - and no reason to sell. However time is the key & some people will pull out & invest elsewhere while time goes by & re-enter a little later on. Interesting on also how one views a CR - a struggling company or an opportunity to leverage better into a good one?
I am possibly too conservative for HC, but I do think that an 80% growth in share price in the past year is not a reason to dump a good company. But if you do then I am waiting for your shares right now !!
Good luck to us all, whichever path we take.

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There were only few 100k sold to get it down to 19c from 28c. that's downside of low float. However, could do exact the same on the way up. But TBH, that's a bit of overshot the 21c level and we don't want to see that. I am still in for now...

SBW Price at posting: 19.5¢ Sentiment: None Disclosure: Held
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There were only few 100k sold to get it down to 19c from 28c....

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