re: reality check misty The most vulnerable time to be holding a...

re: reality check misty
The most vulnerable time to be holding a stock is probably immediately after purchase. If the market bounces away it confirms the position; if it goes sideways or evens falls its probably tells that the buy wasnt so good despite excellent reasons.

I would assume that would be true whether you were trader, investor or position holder. So if youre in money with EXT youre sweet, if youre losing money nows the time to reassess the chances that EXT will come good.

So my thinking is that the majority of EXT holders are probably losing money since theres been a turnover of well over 1000 million shares since the high of 15.5c. All along EXT has had excellent drilling reports etc and yet the trend downwards has been slowly falling. I suspect thats because its awfully hard to sell a stock that everybody is raving about. I know its hard and I only have a small holding... I keep thinking what if I sold and the stock bounces back up ... what a fool Id look. So ppl sell on the rallies but lately the rallies have been getting smaller and smaller .

So I ask you the same question "When does a postion trader determine that its time to get out"



>>I am a position trader.<<