Hey mate,
I think the majority of holders are feeling stressed with their investment, so you’re definitely not alone there.
A good rule of thumb, particularly in speculative stocks, is to never invest more than you’re prepared to lose.
Nothing worse than taking a hit in the markets, that can turn your life upside down.
The majority of speculative stocks (95%+) never see revenue. That’s why it’s always a good idea to lock in profit on the upward swings/positive announcments.
With posts on HC, mine included, always take them with a grain of salt and never let them sway your investment decisions.
I try to be as transparent as I can about my investment/sentiment … and also objective.
But I’m a little more on the optimistic side with this stock, even at present.
The nature of speculative stocks also means a lot “speculation”, both positive and negative.
IMO, the MC is worth a punt. Fundamentally, if Justyn can get the short term cash issue resolved and Daelim continue their support …. That’s a win and we’re back on track, despite the new delays.
They’ll then need to get projects up and running to avoid further dilution whilst they navigate the changes in legislation … if they can do this and any of those projects include the word “hydrogen” … I’d imagine a little kick in SP.
I did buy a decent chunk under 1c, but I advise against “averaging down” for the sake of averaging down.
If you believe they’ll turn things around, then it’s a screaming buy.
If not, then don’t put more funds in.
I like to imagine my current investment $ in any stock as cash in the bank. I then ask myself, now that I have $x, would I put it back into stock ABC ? If the answer is NO, then I sell and don’t buy more.
If it’s YES, then I hold and accumulate (funds permitting).
If you focus solely on “losses” “average price” etc, I find it brings too much emotion into the investment. It should be looked at simply as a cash balance, that you can remove at anytime and use elsewhere.
All IMO etc etc.
Cheyne
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