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1.92%

13.3¢ auscann group holdings ltd

Yeah it's a terrible feeling getting in at the wrong time and...

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Syadyppah

224 Posts.

198

28/03/19

12:40

Post #: 37913295
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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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Yeah it's a terrible feeling getting in at the wrong time and stop losses are critical to surviving this game. For me I've waited a fair amount of time to begin my accumulation strategy at these prices based on my charts, expectations and experience. It's is very much in my strike zone now and level of risk appetite.

AC8 Price at posting: 34.0¢ Sentiment: Buy Disclosure: Held
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