I too was a holder at 6c, buying down to 13c, so much for "trying to catch a falling knife"!! and have bought on the way up, recently in at 70c. Why? Because, the story keeps getting better!
Maybe a stoploss has it's place, maybe they dont. But for most people, after being stopped out, you would normally walk away and miss the upside potential. Psychology and money management are key and opinions will vary as too will individual circumstances.
My simple philosophy is "sell only if you need to, buy when you can". The second one being "find a home for your money for the highest yet safest return". If you think your holding in EXS is not safe, then consider selling (without a stop-loss, preferably on a green day) then bank it!
In any case, tHis thread has suddenly become way too morbid for what has been a solid week of presentations and price action. A big pat on the back to M Anderson and co. He was definitely brimming with confidence (why wouldnt he?) and mentioned shareholders more times than most CEO's do at presentations.
Rather than focus on how to sell out if you are dead, I'd rather think of the tax-benificial return of captal/franked dividend which will either be re-invested in EXS or put to work outside the sharemarket.
By no means financial advice, just my opinion.
Chin up boys and girls. We are currently trading below valuation and below the sum of all parts but the glass is more than just half full!
All the best.
EXS Price at posting:
65.0¢ Sentiment: LT Buy Disclosure: Held
