As I've said before; these moves are, and is best described by a...

As I've said before; these moves are, and is best described by a statement in this thread as "damage control".

It isn't just the ASX taking a tank, it is the world. RED, since consolidation, is now a follower of the ASX. When it was a penny dreadful, it out performed the market, and mass market crashes did not necessarily mean RED would come down as well. These days it is a different story.

When the market settles, so will RED, and bouncing back to $2 is not exactly a hard target to reach - in fact it is probably the minimum people are asking for.

RED is debtless, machines bought and paid for, loved by the community and impending transition into production.

Yes, things on the portfolio's may look bad (they look pretty bad for me!) but alas the issue was not the pick, it was the entry and the level of performance of the overall market.

Patience is the only thing that is going to work here - and traders should NOT be upset! You have a chance to average down on the stock and pick up a quickie profit. LT holders will see your boost when they hit production.

However, I have been worried about another GFC - in which case, the portfolio's will not recover any time soon.

Rambling on here trying to get my mind off the big red numbers on my Wrap.