POS 16.7% 0.4¢ poseidon nickel limited

Decided to hit the sell button this morning @ 2.7 cents. Limped...

  1. 71 Posts.
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    Decided to hit the sell button this morning @ 2.7 cents. Limped away with a $9k loss. Has been a painful lesson & keeping me awake at night. No doubt this will probably rise in the next few weeks, but that's my problem. Also, I will not get any joy from seeing this drift lower. One thing it has taught me is I am better off playing it safer & more boring investing in the bigger miners such as BHP & S32 if I want nickel exposure. Fortunately I did at a similar time to my ignorant punts on POS & PAN, they have subsidized these two. I should stick to growing wheat. It's something I know a bit more about than trying to pick winners with nickel.
    However, if this drops to 1.5cents I hope I'm not tempted to jump in again to try and recoup some losses.......
    Wishing the best to those with more courage & knowledge than me. For those that have got out at a loss, I understand your disappointment.
    Last edited by proby: 27/07/23
 
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