What you said sounds about right to me SabreX - The holders who got in at say 3c would still be doing well - the ones who bought at 10c will have to wait & see.
PIP trading is fine if you keep cash aside ready to take advantage of pullbacks.
( But picking the exact bottom might require 3 different buy parcels to hit it at the absolute lowest price).
Personally I would want to make a minimum $500 + return on trade so if you wanted to make
more you would have to step up to a 300,000 parcel like Flotsom222 mentioned
or trade a larger spread.
Risk reward is not acceptable for me at those ratios that's why I am trying the CFD's
XPE Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
(20min delay)