Sometimes it helps just to hear someone elses opinion. When you have an open position it can be tough to decide to sell once it turns against you, especially if you've just bought because you thought it looked good.
You have 4 scenarios to deal with:
Sell - and the price goes up. You'll be kicking yourself for ever doubting.
Sell - and the price goes down. You'll be vindicated for acting quickly and decisively.
Hold - and the price goes up. You'll be relieved, re-invigorated, thankful and hopeful.
Hold - and the price goes down. You'll regret not selling sooner and will have to hold and hope for a rebound.
Unfortunately, Murphy's law and other forces sometimes work against us and you have that nagging feeling that as soon as you sell, the price will start to go up again.
You have to try to increase your odds of picking the right choice by doing some research.
Why did the price go down? Were there any announcements that the market didn't like?
Is it because of a drop in the commodities price? Why did the price go up in the first place?
If there's no fundamental reason for the sell-off, then look at the charts.
GBE: broke out from .29c with a huge spike to .76c. Why?
It retreated slowly to around .57c, spiked again then retreated back to 57 again creating an obvious support. Once this was broken was the signal to sell - which has happened.
This is not looking good with downside potential to around .22c
UXA: support also broken resulting in sell off. This time there's not much downside comparing to recent price movements. Some may consider this a good buying opportunity in what is technically still an uptrend.
GHT: seems to be in an uptrend and may be worthwhile holding above .30c
Note I'm just a casual observer with no interest in these stocks other than as an excercise in how I might interpret them at this point in time. Please don't take my ramblings as advice.
You have 4 scenarios to deal with:
Sell - and the price goes up. You'll be kicking yourself for ever doubting.
Sell - and the price goes down. You'll be vindicated for acting quickly and decisively.
Hold - and the price goes up. You'll be relieved, re-invigorated, thankful and hopeful.
Hold - and the price goes down. You'll regret not selling sooner and will have to hold and hope for a rebound.
Unfortunately, Murphy's law and other forces sometimes work against us and you have that nagging feeling that as soon as you sell, the price will start to go up again.
You have to try to increase your odds of picking the right choice by doing some research.
Why did the price go down? Were there any announcements that the market didn't like?
Is it because of a drop in the commodities price? Why did the price go up in the first place?
If there's no fundamental reason for the sell-off, then look at the charts.
GBE: broke out from .29c with a huge spike to .76c. Why?
It retreated slowly to around .57c, spiked again then retreated back to 57 again creating an obvious support. Once this was broken was the signal to sell - which has happened.
This is not looking good with downside potential to around .22c
UXA: support also broken resulting in sell off. This time there's not much downside comparing to recent price movements. Some may consider this a good buying opportunity in what is technically still an uptrend.
GHT: seems to be in an uptrend and may be worthwhile holding above .30c
Note I'm just a casual observer with no interest in these stocks other than as an excercise in how I might interpret them at this point in time. Please don't take my ramblings as advice.
