Range is a blue sky opportunity, more blue than any other, but with equally high risk, so wherever there is risk, limit your exposure to a level that if it went belly up, you could say, nothing ventured, nothing gained.
But my gut, and my hard earned as well are backing this one too.
Terrible mistake? 30% loss? Have you been in the market long? Those tremours that start in you chest and vibrate through to your feet is what makes you human.
All you have to do, is ask yourself, if it reached your purchase price last week, will it do it again in the next 12 months?
Stocks rise and fall all the time by speculators, traders etc.
But with high risk plays, come also a bag of big boy manipulators, who will specifically drive the sp down, to sucker those in your possition, tempted to give into the dread you are feeling.
Take that emotional stuff and check it at the door buddy.
Ask why you bought in the first place, because it was going to go to 50c? of to 10 bucks?.
You can never pick the bottom, and a 30% fall underneath your entry, is not great, but, if you were going to hold this stock for the next 3-5 years for its glory run, whats the difference.
If it went to 1c, and then to 10 bucks, does it matter if you paid 27c or 20c?
Diversify in future, but IMO, hold for now. We will see 27 again, no worries IMO.
cheers
RRS Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
