HGV 3.57% 4.4¢ hygrovest limited

This is a trading stock, not a holding stock. It's foolish to...

  1. 1,791 Posts.
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    This is a trading stock, not a holding stock.

    It's foolish to sit your money in this junk for years as it fluctuates between 0.24 and 0.35 which is probably all that's going to happen for a very long time.

    Trade the movements and get out or you'll just get boned over and over again, like today.

    Even if you think there is long term potential (dodgy management so who knows), wait for a breakout on good volume.

    Plenty of better opportunities, long or short, in other companies in the meantime.

    Every time I post any non-ramping about this stock I get ripped into yet every time I'm right. I do trade it occasionally, it's just easier to get in and out for 5-10% rather than sit there for months or years. Terrible waste of capital and I don't think there's going to be any miracle spike when its a long time until they'll be making money and not just endlessly capital raising in favour of their mates.
 
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