There's a decent conversation trying to happen here - but its getting swamped in snips and jibes.
ZIP is as good a stock example as any to discuss what to do when things go south?
When to sit tight? When to offload? How to determine a strategy? How to tell what's really going on?
As traders we need to be good at making decisions based on limited info - and we always have plenty of alternative stocks to choose from.
As Mak says - losing money on a stock should not = hanging in to the bitter end.
Better to shift what's left to something moving up - than to watch it fall further.
The key question then: does ZIP have a chance of getting back to (say) 50 cents in the near future? If so, how will it achieve that?
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Open | High | Low | Value | Volume |
0.8¢ | 0.8¢ | 0.8¢ | $4.192K | 525.8K |
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No. | Vol. | Price($) |
---|---|---|
16 | 8140734 | 0.7¢ |
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Price($) | Vol. | No. |
---|---|---|
0.8¢ | 328174 | 6 |
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16 | 8140734 | 0.007 |
16 | 9402146 | 0.006 |
24 | 6282195 | 0.005 |
12 | 5353000 | 0.004 |
10 | 4196666 | 0.003 |
Price($) | Vol. | No. |
---|---|---|
0.008 | 328174 | 6 |
0.009 | 1909887 | 4 |
0.010 | 434772 | 6 |
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