Always amazes me when an experienced, insightful trader/investor gives a considered, logical opinion that the mug punters want to tear his throat out.
Been around the market for a long time now and the I've lost count of the number of times that the market has handed emotional, irrational, vested punters their bum on a platter.
There's no room for emotion in this game. For every successful penny stock turnaround story (eg SBM), there's a hundred that turn to dust. You'd be better off buying the stock once its double or tripled off its lows looking for a 3-4 bagger, than buying now and risking it going to zero.
FWIW, chartwise there's several things about the chart that interest me but none that will have me ponying up my money just yet. it looks like EXG is hammering out a bottom between 2c and 3c and may do so for several months. A break either way will be telling.
Keep posting your views @cncventure. I, for one, will keep reading them.
EXG Price at posting:
2.7¢ Sentiment: None Disclosure: Not Held
