Resolute Mining - How Low will it go ?

[Beagle]

RSG is the code.
I learnt last night from KW that buying stocks in a down trend is the best way to throw your money away.
Stay away until the trend changes.Going by the charts that is unlikely to happen any time soon.

I hear you mate and won't buy until the chart says its clearly bottomed-out. I'd rather let others have the first 10-15% of a new upward trend in due course than catch what appears to be a falling knife at the moment. I've put it on my watch list though because history tell's me there's lot of money to be made if you get the timing right by buying out of favour companies with dirt cheap PE ratio's. I think waiting until the price has clearly intersected the 100 day moving average with a new uptrend is a nice simple tool that's useful with stocks like this. 100 day moving average is currently at $1.20 so I'm happy bide my time.
Thanks for the warning. Fear and Greed, the two greatest motivators, Greed was starting to get the better of me