88E

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young_punk

629 Posts.

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11/07/17

21:43

Post #: 25804221
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Originally posted by StrayCatBlues ↑

I get the sentiment of LTHs digging in and looking for positives. I'm trying to do the same but sold a small portion of my holding yesterday after the announcement since it made me nervous and I was probably a bit too exposed relative to other shares in my portfolio. I don't think there's anything wrong with re-assessing. I'm still hopeful of a good outcome but the overall tone of the last three anns has made me less confident.

What's a bit galling for me though as someone who has held this since Feb 2016 (I wasn't in at the really low numbers unfortunately) is that anyone who bought today (or probably even yesterday) has got in at a lower price than a lot of us who have bought and believed over the past year plus and they haven't had to endure the rollercoaster! That's the market I guess but this was always being pumped as something you didn't want to be out of for any significant amount of time - a farm out could drop any moment, you never knew when news might come etc, you'll never see these prices again, 10c before flow rate announcement....whatever it was at the time. I remember people on this board saying that the SP would rise simply because we turned over into 2017 and the year of 88E was upon us. As it turned out anyone who has had even the slightest bit of interest in this share has had multiple opportunities to accumulate at lower prices over a long period of time. The SP has not had any sustained momentum. Now after all the derisking, investor presentations, optimism, we are at a SP I don't think anybody could have foreseen a few weeks or months ago.

That's life I guess but it's still pretty disheartening. We are all in the same boat and want a good outcome but every time the SP drops (or tanks in this case) most people just want to say what a great buying opportunity it is, as if we haven't had plenty of those, or thank "weak holders" for selling them their shares. It may all turn out fine and I believe in DW/PB too but sometimes it's hard to take some of the sentiments here given where we the SP is today (and this comes from someone who never expected to get rich overnight).

Expand

Emotion is the only reason you will ever lose.
DW has royally stuffed the announcements.
However, you think there isn't any black gold under the surface of what they are shutting in ?
The market sentiment is negative, because a whole lot of DT's got annoyed.

Why ?

Because this stock is not providing them with an instant multi bagger.

A mad sellout follows and has all holders freaking out.
Honestly people, this is how it goes [ I read this earlier today and thought it was complete gold]

Bears make money.
Bulls make money.
Pigs get slaughtered.

So DYOR and you'll find out the reasons this stock has bounced so hard is based purely on shareholder sentiment.

Not company facts.

Last edited by young_punk: 11/07/17

88E Price at posting: 3.0¢ Sentiment: Hold Disclosure: Held
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Last 0.2¢		Change 0.000(0.00%)		Mkt cap ! $57.86M

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