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0.4¢ poseidon nickel limited

Geez Croc, 200k and averaging down! Out of curiosity what is...

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Douglas7

1,041 Posts.

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09/05/17

18:21

Post #: 24577419
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Originally posted by Croc16 ↑

Noor444,
I can sympathise at the loss you are experiencing. Between my wife and I, on paper, we are down over 200 grand in POS However, I still have faith that POS will improve and eventually put us into profit. We are holding, and have been aquiring POS on the way down, but not risking more than we are prepared to lose. There is another holding of ours that dropped to 1.5 cents. It recovered and is now sitting at 20 cents, and likely to climb higher. Any investment in stocks has risk. The only advice I can offer is to research research research. Check the company, the market it will meet, the demand for the products/ services, the supply already available, and perhaps the most important, the management's ability to build the company, amongst other things. These are lessons we learnt the hard way, with a couple of regretful investments that I would rather forget. The advice to keep food on the table and to get rid of the mortgage, is sound. I hope that the remainder of your holding helps to recoup the loss you have taken.

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Geez Croc, 200k and averaging down!
Out of curiosity what is your average and how long has this fiasco been dragging on for?

POS Price at posting: 2.9¢ Sentiment: Hold Disclosure: Held
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(20min delay)
Last 0.4¢		Change 0.000(0.00%)		Mkt cap ! $14.85M

Open	High	Low	Value	Volume
0.4¢	0.4¢	0.4¢	$8K	2M

Buyers (Bids)

No.	Vol.	Price($)
68	45355807	0.3¢

Sellers (Offers)

Price($)	Vol.	No.
0.4¢	3258398	12

View Market Depth

No.	Vol.	Price($)
68	45355807	0.003
33	58436387	0.002
14	63512753	0.001
0	0	0.000
0	0	0.000

Price($)	Vol.	No.
0.004	3258398	12
0.005	9176813	17
0.006	9069028	13
0.007	27299357	13
0.008	5500000	2

Last trade - 10.06am 15/08/2024 (20 minute delay)

POS (ASX) Chart

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