IOT (ASX) Ann: Shares and Options to be released from Escrow

Originally posted by kcheers ↑

I'm very gob smacked by some of your comments. maybe I could be quite critical in return? but no. I don't use stop losses, never have and never will. This stock dropped to about 7 or 8 cents soon after. not a lot to tell me it was really any worse or heading further south at that time. Often to hang in there is quite fine. these stocks can move 20% easy some days so setting stop losses could mean you should not be here and cant handle the heat? Getting stopped out in intraday trade seems like a quicker way to achieve tax looses. Inherently tho, I am a more med to longer term holder. I don't trade charts and in SC areas I question any relevance at all. I don't day trade as for many, its gambling and a great % of people don't have success over a 10 year period. Ive noted that personally and professionally and in doing my degree.
In reflection, I was just a little too hasty and went against my gut feeling. Reread my first comment on why.
Having lost significantly in the tech wreck and some effects of the GFC, I have not entered the penny wobblers ever since but have in recent times with the lithium subjects

Id liked you analogy as I am a farm boy and understand quite well but I didn't see it as commensurate or fitting the experience. Small runs also don't always retrace and spending a few extra $1,000's acquiring an opportunity sometimes are quite irrelevant over time. sandfire and many examples, FMG another. Maybe further examples could recovering stocks like AGO, which has retraced significantly recently which has no real basis for doing so. I did not consider to use such anology to them or feel they had done badly and were uninformed just because they are in a red position now? Stop losses? Geeze I may have lost significantly on PLS or ago etc if using stops, but I don't sweat the small pips. I like my tax bill presented to me efficiently and I do seek the bigger results and that requires pain for some periods. But my crystal ball never arrived. Could I borrow yours?

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Mate ask yourself this question because I hate to see people taken for a ride. You are in the red maybe 7 to 8 cents I am not sure but a reseller on Amazon and sold about 20 units so far. No reviews, no nothing from Management, Just a pip trade and next minute gone and you have a cent?????? Do you honestly think this IOT company is on there way to making $24 mil just with a silly selfie drone.... really??? I don't mean to scare you but the HC traders will bleed you anything to get there fill. Have a think and best of luck with the fairy IOT story.