My decision to stay long is looking good so far.
No change in plan.
Chart looks fantastic.
Some nice volume going through today at cross trades.
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A great looking chart.
Chart wise, I think a run up to 36-38 cents or even 40c
depending upon the quarterly report or update, before any kind of mild pullback.
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Chart wise and aligning the fundamentals .....the direction of the share price is up so far.
Go DRM......got to recoup losses elsewhere. In my seven years of trading/investing this stock has given me the least pain so far. Perhaps the timing was good. But I am sure there are lot of painful holders who got crushed last year. I don't think this will ever see $1 dollar at today's conditions but if the company starts firing all cylinders....50-60 c level can be achieved once again. But never say never in the markets.
Anything can happen. I never ever imagined SBM would see $5 in my lifetime or else I wouldn't have sold my million+ units for peanuts. I thought I made great money around $58K and was happy to sell out.
Now looking at SBM price makes me feel so small and miserable.
So I hold unto dogs for a bit longer these days.......however one dog almost chew my leg off.
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