CNP 0.00% 4.0¢ cnpr group

Hi All..I am very new to trading...thought with the crash it...

  1. 5 Posts.
    Hi All..
    I am very new to trading...
    thought with the crash it would be a good time to learn, if i make a mistake i can always hold longterm and come out on top!
    However, i did make a mistake and bought CNP at 16c on the 17th of Jan.
    My thinking now is...i can't wait to sell them at something near 16c
    And i figure there are a lot of people who can't wait to sell, as the posters above me show. A lot of people have been caught at a figure.
    In my naieve view of the trading world, this makes me think that any climb up is going to be long and slow as everyone sells out on the way.
    Is this wrong?
    Everyone seems to say "I can't wait for the price to get to $.... so i can sell" this is "sell pressure" right?
    Will respect any view on this line of thought.
    cheers all
    Steve
 
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