I've trading on this one over the last two week.. Limited my exposure at anyone time no more than $5k.
Technically speaking, it could be in a making up phase with reasonable momentum, and good profit to be made within 10%. However, fundamentally speaking, the company is burning cash like no tomorrow, very heavy topping for admin ($20mil) with high level of servicing debts ($20mil), I guess about $10mil for royalty payment. The current asset in cash is imbalanced for operation. I am a bit nervous holding it longer than a week to make a reasonable profit.
My questions are:
(1)How can you separate your trading emotion from the fundamental issues ?
(2) What is your averaged holding time ?
Thanks
I've trading on this one over the last two week.. Limited my...
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