generally when u lose money on a stock one of 2 things happen
1. one tends not to touch it again or
2 one tries to make money out of it
With the 2nd point you have to be very careful because you think the bottom has been reached. I am in the same boat as you. I was up $150 on this and eventually sold for a $30k loss.
The best thing to do is wait till it bottoms out and forms a base. This wont happen in one day. You will need to look at a few weeks for this. And you wont miss out because even if it has a big run there will be a lot of people waiting to sell out and it will tank again. This is a bear market as well so the sentiment is on the down side. With oil coming down and tipped to come back to $30 who will bother with U at $60?
Also, with the recession and other disasters in the US nobody is touching shares.
There are too many negatives at the moment. Buying shares is a game of increasing positive proabilities in your favour. At this stage the scale is weighing in favour of the negative. So wait till it tilts in your favour.
I too want so much to make my money back but the market will not run away. There will be plenty of opportunity. PDN never ran to $10 in one day and neither did it fall to 1.79 in one day.
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Last
$11.07 |
Change
-0.110(0.98%) |
Mkt cap ! $3.309B |
Open | High | Low | Value | Volume |
$10.96 | $11.22 | $10.91 | $28.86M | 2.617M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 5433 | $11.03 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$11.09 | 7213 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 3717 | 12.170 |
1 | 180 | 11.400 |
1 | 35 | 11.370 |
2 | 115 | 11.270 |
1 | 1000 | 11.220 |
Price($) | Vol. | No. |
---|---|---|
10.180 | 15292 | 1 |
10.520 | 1323 | 2 |
10.680 | 1604 | 4 |
10.770 | 324 | 1 |
10.810 | 186 | 1 |
Last trade - 16.10pm 30/07/2024 (20 minute delay) ? |
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