I get the impression this is putting a bit of a lid on the...

I get the impression this is putting a bit of a lid on the turnaround.

But I'm just going to run through some logic, from the hypothetical point of view of someone who has had their EXL shares released from escrow.

1. If the SP was at or above fair value, (let's say about double where it is now) I might sell.
2. If the SP was low with no sign of recovery, I might sell.
3. If the SP was making a clear turnaround pattern after a bottom (and other ASX pot stocks were doing the same) I would WAIT.
4. If the SP continued up from that reversal, I would WAIT. Unless I had some kind of urgent desperate need for money!
5. Therefore in the current situation, I'd be looking for SP to hit around $1.50 before selling. Unless there were clear signs it was still heading north. In which case I'd WAIT some more.


Of course this assumes logic and reason on the part of the shareholder, but that's how I see it.

Feel free to share your thoughts...



* Note: I have changed my sentiment from BUY to HOLD, because I want to see if it breaks back above that 20 EMA line.