...yes I too s*** myself when my equity drops tens of thousands of dollars!! So why arn't i selling?
Every mining and resource stock is in the red at the moment!! The ASX and the Dow are all declining due to the problems with the oil fears and Chinas' economic problems.
This is not physically extracting the copper from the carajas and flushing it down the toilet, nor is it taking cash out of Avancos' pocket!!
There seem to be many people losing confidence in the company or selling out of fear, but everyone needs to realise that the recent decline does not change the reality!! It does not change the reasons why everyone first started buying!!
All it means is that if an announcement was released tomorrow, it may not jump as high as it would've. But say the current decline ends soon before an announcement, the buyers will come back, and it will be at mid to high teens just in time for the announcement, creating just better uying offers for all us long termers!!
Why worry? This is just routine market fluctuation!!
AVB Price at posting:
13.0¢ Sentiment: LT Buy Disclosure: Held
