I am now out of both stocks. I set a stop loss this morning for NOR before work and it triggered, and SGH I was tempted to repurchase but it seems to be falling further so I pulled my order at 40 cents yesterday.
I've learnt the lesson of taking a profit a few times now, and for some reason ignored it with RFN so I'm pretty quick with these micro caps, plus the amount of cash burn NOR has is very high, my timing hasn't always been great, I've just had a lucky few days.
I bought more into MCQ around lunch time with cash that will come back in two days from NOR and left over from SGH, my favorite bank stock, half yearly ex dividend is coming up in the next few days paying something like 3.45% plus the run after their profit posting, and people always buy up before ex dividend so it's a safe haven for now. The ASX seems to be on quite the bull run again so I'm happy to leave it in MCQ.
Busy day for me really. Sorry for blabbering, I'm quite pleased.
NOR Price at posting:
4.8¢ Sentiment: Hold Disclosure: Not Held
