AC8 1.92% 13.3¢ auscann group holdings ltd

Chart & TA, page-116

  1. 287 Posts.
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    Some retail players would have tried to enter at some points between 40c and 30c and averaged down. Even with the 38% pop, they are lucky to get break even! Only the few that entered between 30c-32c really got the benefit. As this kind of stock is so volatile and every rally is encountered rapidly with profit taking and bailing out within only a few days, it's impossible to time it.

    Now is the time for people to set stop loss orders (if not set already when it had a big jump of 17% yesterday) just to avoid getting into the red! Only the lucky few get a sizeable profit. Most would average down from 40c and is now in risk of losing money. Have a though for those whose average accumulation is still well into the 60s, 70s and 80s! It's a long way to get out of jail!
 
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Currently unlisted public company.

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