My stoploss hit for the few remaining shares I held in this one. Now all out but has been a good run despite the big recent drop. Not sure where this is heading anymore !
After buying in at $3.30 I was all out at $3.60. I'm not a trader so the $4.04 did't trigger a sell. But the plummet from there to $3.60 did. I'm not into loosing capital and seeing it hit $3.35 today I'm not regretting the decision and not seeing anything that suggests I should be getting back in.
Bought my holding in these for average price of $1.90 about 16 months ago, sold one lot for $4.04 and the remainder for $3.78 two weeks ago. Pleased to be out with a good profit which is now invested in QEX and KTD.
How do you make a small fortune buying stocks in a downtrend ? A. Start with a big fortune.
Seriously I reckon a day of reckoning has come for the metrics these sort of SAAS companies trade on.
Chart looks really ugly. Founder selling out and senior exec's leaving in a hurry and really slow customer growth numbers and lack of NASDAQ listing were all warning signs ! Disc: Sold out completely some time back at $4.15.
Last edited by Beagle; 21-08-2018 at 08:45 PM.
Ecclesiastes 11:2: “Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.”
Ben Graham - In the short run the market is a voting machine but in the long run the market is a weighing machine
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Originally Posted by Blendy
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