This is a common trap set by a lot of companies with horrendous balance sheets who all of a sudden spike on sentiment or hype . Enter and exit don’t sit there hoping for a magic fix
Glad to have got out when I did. So much for support at $4. I confess I nearly bought in at the close day before yesterday. Nearly bought in yesterday at the close too.
The secret of eternal youth is arrested development.
I take it you've been caught holding more than you would like eh bull...? Got caught on the wrong side of the bounce?
as mentioned on the thread i started nibbling a while back around $3 as a contraian play , nibbling means you keep nibbling to you get your fill.
i told balance i sold to inflate his ego cause i got sick of his down ramping of how bad the company was but have always said on here it was bad management that has caused a lot of the problems and that can be fixed.
Yes, its all clear now. I wondered why the SP was going north. I sold out a few weeks ago. CVT cancelled the CR when the SP went down below $3. I am not fully convinced we are getting the right picture here.
Sentiment: SELL but not Holding.
Last edited by bottomfeeder; 29-05-2020 at 10:16 AM.
Reason: Dont want to be sued.
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