oooop's...........going down?, page-7

"I would guess that people who have sold keep an eye on the stock for one of 2 reasons:
1. Hoping that the company and share price completely tank, therefore justifying their decision to sell.
2. Have part of them that still thinks could really take off and feel compelled to follow just in case."

Just want to add my two cents to these comments.
I'm one of those people who long ago sold this stock but still keep it on my watchlist. I held for a short time when the price was in the high thirties last year and exited with a small loss. Since the day I sold my decision has been justified. At the time of posting the share price is 7.9 cents which is about 85% off its highs of 57c. The price has been going backwards ever since I sold (I bought on a shortlived bounce). I like to hold stocks which are going up. It's a simple plan but an effective one. Why do I still keep it on my watchlist and follow it on Hot Copper? Because I like to learn from my mistakes and try not to repeat them. There are plenty of other companies out there doing real things and making real profits which have made me real money. It also reinforces to me the benefit of having tight stop losses and selling early and to be sceptical of some of the PR puffery out there.

Some may choose to speculate in this stock and there may be good profits to be made with price movements at moment. But to my mind that is exactly that. Speculation. IMO this stock isn't investment grade.

If it did take off I wouldn't jump back on even for a short trade.