Those shareholders are typically known as mug punters.krisbarry said:for those shareholders who have stuck it out and have endured a loss of more than 50% of their capital in the last couple of months.
krisbarry said:* RULE #101 NEVER SELL ON A LOSS, HOLD OUT FOR BETTER DAYS!
krisbarry said:RULE #101 NEVER SELL ON A LOSS, HOLD OUT FOR BETTER DAYS!
Maybe we will, maybe we won't. Those of us with a vested interest in RRS or those that are less risk averse than myself looking for trading opportunities may hope so. Previously, RRS has made very negative announcements coming out of a trading halt, so it's a big wait and see. Sure they currently are expecting results, but remember a downgrade in results of a previously positive hole is as price sensitive as good results - both warrent a halt. Whether or not the strong downselling in the previous few days is an indication of insiders liquidating their holdings is anyone's guess.krisbarry said:* We will see a much higher volume of trade and a rapid rise in share price
I feel sorry for anyone who has lost money while investing or trading, but the key is to learn from it. Don't fall in love with a stock so much that you are ignorant to the reasons for failure. As the song goes, everybody hurts, sometimes. It's how you get back up the counts. What seperates traders and investors who regularly update their Maserati and those that still have an outstanding balance on the personal loan to buy the 1973 Mitsubishi Sigma is either blind luck or a steady learning curve. Luck is like getting struck by lightning - learning is something anybody with some analytical aptitude can do. If your trading methodology is to hold in situations such as those you describe, I wish you all the best, but I encourage you to get in touch with someone that can advise you of some alternative investing techniques.krisbarry said:Happy Days Ahead.... for those shareholders who have stuck it out and have endured a loss of more than 50% of their capital in the last couple of months.
As much as I hope I'm wrong, my own backtesting over many years of data would indicate that this isn't the most successful strategy by any means. I do hope you get your money back, but I'm not going to hold my breath. There's some analogy about a dead cat that's applicable here :goodnightkrisbarry said:RULE #101 NEVER SELL ON A LOSS, HOLD OUT FOR BETTER DAYS!
Bingo said:Annoucement posted at 10.02am. Had to be poor given they left it to last minute. The SP should fall.
Bingo
Warren Buffet II said:I do not know what the announcement was but the share price just dropped 12.5%, as someone said before this is a clear example of the need to use stoplosses.
Regards,
markrmau said:I was having yum cha in the city once, and there was a fire in the kitchen. I grabbed the nearest bamboo thingy of dim sims and headed for the door. I think the same rules should apply to trading.
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