Well today for me was a good example of what not to do for me.I have over the last 18 months been in and out of Aurox resourses (AXO)about 3 times made a little bit each time currently no stock held.I allways held the belif that I could buy back in at any time and still make a dollar how wrong I was.
The reason that I sold this time was they were getting low of cash there had been delay after delay getting a project partner the sentiment on hotcopper was getting very negative lots of down ramping and the SP had fallen from 47c to 27c in about 8 weeks.(I got out at 37c with a wait and see aproach,still good fundmentals like MEO)
AXO went into a trading halt late last week along with Atlas iron.Today Atlas have offered AXO holders a merger a 3 for 1 deal on open AXO SP went up 144% to 66 cents and I was out oh dear.The SP just finished the day up 170%.
All the money I had sitting on the fence went into MEO today If you are sitting on the fence waiting dont do it and dont sell this close to the finish Iam not doing that again!!!!!!
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Well today for me was a good example of what not to do for me.I...
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