BB not everyone has the same investment timeframe or trading style you do. A number of the so-called downrampers we're merely pointing out that RAU was in serious downtrend and was going to hit 10c or below which it went very close to doing. If you don't have a CGT overhead to worry about there was absolutely no reason to hold it over the last week.
I bought at 12 and again at 18 and got stop lossed out a week ago at 15.5c for a break even result. It looks like the tide may certainly have turned now but its still 10% below my exit and that money has gone to very good use since. So whats better, holding on and cheering as RAU gets back to where I dumped it or finding a MUCH better trade in the meantime and reentering below my exit?
Holding on for the ride down is not an investment strategy I will ever use as I am very strict and place trailing stop losses on every spec stock I buy. Not only does it save you money but it helps you sleep a lot better too.
BIG Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held
