Just got back from a funeral. Mother and father had to bury their 25 yr son as a result of the explosion that happened last Monday in Mulgrave. Simply devastating and words can't express the sorrow. It puts everything into perspective. Obviously very dissappointed with the current share price. That goes without saying. Had a feeling this might happen. Hoped that it wouldn't. Right now the world is a basket case and stocks that have had some recent gains over the past few weeks have been belted during the past week or so. Abu was 8c now 5.3c. ANP was 3.9 now 2.3c VRX was 1.00 now 76c. MZM was 80c now 30c. There are plenty of others. What do they share in common. All of them went up sustantially in a very very short space of time. There was simply plenty of fat on the bone for the stock to retreat as sharply as they have. The stories of why they went up are still the same. SENTIMENT has changed. People who had got in and made huge profits were very happy to stay. But as more pressure was applied those that didn't want to sell started doing just that. It takes courage to hold when everything is dropping around you. The market is crappy and everything is telling you to get out. Sell everything and come back when the world is in a better place. The evidence shows there are plenty of those that are doing just that. OR you can sit and do nothing and believe that the story you have invested in has enormous growth potential going forward. It might drop a little further it might not, who really knows. But one thing is for sure, those that are whinging and cursing about not selling at 7c are no different to those who cried about not getting in at 1c when there was plenty to be had. That my friends is the sharemarket.
GCN Price at posting:
4.2¢ Sentiment: Hold Disclosure: Held
