Nice chart Sandstone.Though placing a stop loss based on...

Nice chart Sandstone.

Though placing a stop loss based on techincals may prevent one from losing more, in this case I'm more wary of getting caught out to the upside, especially with the following four events coming up in the next couple of weeks which will get people talking again.

1. WRZ announcement: early March they've told us so any day now!!
2. March 15 quarterly rebalance / IDC's admission to the All Ords which may attract some instos.
3. Capital raising about due as they are running out of cash. Past raisings would suggest by private placement. Not that this well help the SP IMO.
4. Apparently a HK presenatation @March 19 which investors should be able at or before that time.

After all this news, I'll be more inclined to use a stop loss but each to their own level of risk I guess.

The other danger IMO is that if one waits for a breakout to technically occur to the upside @0.13c, the horse will have already bolted from the current price. Then if one buys at $0.13 or higher the risk would be a retracement back to current prices (long term support), especially if the rest of the sector is still lagging around or even lower by that time.

Today the SP hit $0.095 equal all time low but now looking like it may well close flat, which would techically then indicate nice support here. Not happy about that though as my $0.095 order was too far back in the queue and has not triggered, doh.
C'mon HK insto, is that all you've got? Sell some more to me please.