where to next?, page-686

Guys, I looked at a year 6 maths problem which illustrated the trouble here. If a stock drops 50%, how much it must go up to get back to the original price? We need 100% upside. This is not going to happen for any stock over a few months regardless of the fundamentals unless we talk about those that are only priced under 5c.

If AC8 drops 30% more from this point then go up by 50% we would make 2c profit. This means if a new trader taking a position for the first time at 44c and accumulate slowly until it's 30% down then there is a 50% pop, a decent profit can be realised. This is not a luxury for those who entered AC8 at various points from $1.6 to 64c. Is it??? If one can forget that s/he has owned AC8 shares. Just pay with a budget, there might a chance to win.

What I did before was to take losses rather than holding on to the shares. Then I played anew to recover the losses. I was lucky to get that 66% pop! I don't think that big pop will come this time as the dream is broken as AusCann won't have any decent news to tell for a long time. However a pop from 20%-30% might be possible. I think one can make some money going long by entering at the right time and play carefully with cash. Forget the long term view for now until there is a clear view. The long term view might be share price under 10c in a few years from now (or $5 as some dreamers may have). No one knows what the share price will be in a few years. What this means is that one may not sell to get out. Just lock the shares away and play with new money without the intention to hold.