everyone's depressed --> time to buy?, page-6

It's a tough decision if you are thinking of buying in the near term.

This may be the bottom or it may go further.

The downward pressure due to the SPP overhang will weaken as the time since the listing of the new shares increases. IMO we are currently seeing those who where seeking a good stag profit but mis-read the post-listing price movements and are now seeking to pull there capital back for other uses or preserve most of their capital. This may get uglier yet into the high 30s but IMO there will be strong buying from both traders and investors at that price.

As far as a "gap" at 28.5 - it has crossed that price point a few times now - how many times does a SP have to revisit a price point to "close the gap" - to me it sounds like technical mumbo jumbo from tragic techies hoping for a super-cheap entry. Good luck to them.

When it seems too hard to know which way it will go it usually suggests it is a 50:50 chance of going either. Given the downside is likely about 20% tops and the upside is potentially 50-100% near-term gain the odds favour a positive breakout IMO.

In this setting I balance the risk of missing out on a big breakout versus the chance of losing money. I look at how much I am willing to lose in pursuit of a profit and usually wager about 10 times that with a 10% trailing stop-loss as an exit strategy. To wait for a breakout and then put money in usually means losing out on the first 10% of profit anyway.