the time to re-enter. whats the rush?, page-7

Hi sharpeye,

I clearly said that the stock is in a downtrend and at this stage recovery is not visible.

It was a big surprise to read your statement
"a two or three cent drop in share price in the short term will seem insignificant at a latter date."

For a share price of 4c-4.5c this represents a significant drop of 50%-75%, then for people who bought shares at this price level it will be required a 100-300% increase to make it break even.

What about the people who participated in the SPP at 5c. So you will see that the 4.8c-5c price range will be a strong resistance area, so I dont expect that the share price will skyrocket so quickly by crossing this area. The probability is almost 0, but the probability of loosing money to buy at that price levels is much higher.

Hope this helps.

irynka