Weak hands have been shaken off the stock on a low volume thrust down in SP. Will tomorrow see more weak hands handing over stock very cheaply to stronger hands with clever tricks?? I almost got shaken off last week. This is a short to medium term hold for me now. Trying to trade this bad boy about to be let of the leash may cost big rewards in the future.
i remember using GWR as a test case and I would have sold out at 15cents after it doubled from 7cents a Share. It had been that price for a very long time, then big volume pop and that was only the start. It's now traded as high as mid 40's. The lesson for me is to be patient and not try and be a clever trader. If you can trade and make money so how it but the average trader makes more losses or small gains and miss out on the big 400+ % returns that some of these stocks can deliver when the time is right.
Still regretting I did not put a few extra $k on when it was so cheap in the 0.6 and 0.7 price range.
ELT Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
