No, absolutely not "panic selling" just preserving my capital in the company that has been languishing down in the 0.004 / 0.005 regions for quite a few years now, and I'm definitely not going back there again.
If I'd had to pay a few more $ the next day and get a few less shares back, so be it....far better than watching my money evaporate thousands of dollars every point move down. It's the same as setting stop losses except I'd prefer to do it manually while keeping a sharp eye on things.
Anyway, you're welcome to call it panic selling, I just see it differently !
Cheers and good luck to all of us here at ESR. It could be shaping up to be an extremely interesting and wild ride.
RR
The market will start to look at Esr very differently, page-66
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