CCC continental coal limited

I've trading on this one over the last two week.. Limited my...

  1. 9,614 Posts.
    lightbulb Created with Sketch. 310
    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
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.