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1.92%

13.3¢ auscann group holdings ltd

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mufc20

916 Posts.

1

28/03/19

15:17

Post #: 37915839
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Originally posted by dmaivn: ↑

Last time, when I finally called it quit, I set stop loss orders at 74.5c and later at 76c but the share price lingered around after the first drop from 77c to about 73c then bounced back to 79c before falling sharply. The period where it hang around 72c-79c was around 2 weeks from memory. This time, it drops off so quickly within 2 days. It's scary for the retail long! When you are in jail with this stock, it a tough decision to do jail break or hope for a pardon which may never come. Even the ones who were "lucky" to enter and average between 30c and 40c range are now pretty much in limbo. I still maintain that setting a stop loss order now is the best policy. It's better to exit without a gain or a small loss than being locked in with trying to buy more to average it down. Buying hope is a pretty hopeless business.

I am thinking about a little punting when it is close to IPO price.

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Guess you won't be punting on this one then - not going to go near the IPO

AC8 Price at posting: 36.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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