The thing to understand about any share you buy is it's only worth what you can sell it for....it doesn't matter what you paid for it....
it's a hard concept to grasp when you are sitting in a loss...
When you get on the wrong side of the market you have to close out your position...withdraw the troups so to speak and work out how to get your money back.....
Don't sit and watch the slow bleed...Sitting in a losing position is depressing at best...
I watched a stock go from $3.40 to 60c before I sold...now it's trading at 2c! I won't tell you how much I lost but it was the worst trade I have ever done!
Any stock can go to .001c never forget that...I am not saying that MEO will do that but you can't rule it out....
- Forums
- ASX - By Stock
- MEO
- fib ratio
fib ratio, page-53
-
-
- There are more pages in this discussion • 21 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)