I sold at 0.046 to lock in a small profit, after buying at 0.044 ages ago and having to suffer. Fully understand that it's probably crazy undervalued, but my personal strategy in this market is to take profits on any specs where they present.
Rationale being firstly that there are lots of value buys appearing amongst good quality yield stocks that are better placed to ride out what could be a protracted bear market and secondly that in a choppy market like this there will inevitably be profit takers, so pull-backs are bound to occur.
Don't know what OSX will do on Thursday, but it's possible I might get the option of repurchasing at 0.03 or below, a massive percentage below what I sold for. Maybe not, but on balance I think what I've done is not unreasonable and is probably similar thinking to some of the other sellers.
Best of luck to those of you holding. If the market manages to muddle through you should do well in the medium term. Hopefully they don't go straight for a capital raise to 'tide them over'.
OSX Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
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