Cincinatti, (from someone in the same boat)I have sold out of...

Cincinatti, (from someone in the same boat)

I have sold out of all of my holdings today. (wish I had done so yesterday but was hoping for a dead cat bounce today) - so to speak.

I have only bought into AGS over the last couple of months as I have mainly MTN shares, but I really do feel
AGS was a quality stock in the right state.
HOWEVER - market will not and does not like this announcement. Sure there will most likely be more positive future announcements but for the time being, don't think this is going to bounce back quickly.

I hated selling my shares and crystallising a loss (mine will be aout 50c per share) but like you am not a long time holder, therefore we need to cap losses.

Have agonised myself over the decision, so know what stress you are under. The share price looks like it will be under $2 soon. Just a suggestion but perhaps hedge your bets and sell another portion?

Good luck - painful to see a quality share being savaged!