Decisions decisions... at this stage , no one knows where the bottom is...
could it fall below 10c ? With this level of No support, it's quite likely..
there are no short sellers currently recorded on MAD, which means that this fall is self induced, it has no winners, only losers...
some might have sold a while back in the 20s , they were either lucky or smart...
with every drop, the "risk" of a reversal increases exponentially...and if you're out you're out..
IMHO, the only sensible thing to do is sit tight, wait for the reversal, average down as soon as it becomes obvious (not easy, but worth a try).
One thing's for sure, MAD will not disappear in puff of smoke, not with a half billion dollar loan riding on its shoulders.
The reversal will hit , and it will put a huge smile on the faces of those who have either bought in or averaged down just in time...
Best of luck to all
FDM Price at posting:
12.5¢ Sentiment: None Disclosure: Held
