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Warren Buffets third rule should be “Never fall in love with...

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peejay2

4,722 Posts.

379

10/08/21

14:16

Post #: 55172483
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Originally posted by asb83: ↑

Looks like there's a bitter holder on here who refuses to let go of the fact that they bought in at much loftier levels and can't part ways with a dud. There's a saying in the market that we sell our winners and hold onto our losers - this holder appears to exemplify this and wants to hold onto this loser until the very end. The reality is if the vote doesn't pass, the share price will sink well below 10c, a CR will be imminent, holders massively diluted (if they are even able to raise the cash), while the company continues its decline in a space that is competitive and which they are obviously losing in - revenue down like 50% over the last 3 or so years and hasn't shown any signs of stabilising.

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Warren Buffets third rule should be “Never fall in love with your stocks !”

ISD Price at posting: 16.8¢ Sentiment: None Disclosure: Not Held
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