ballbreaker yes of course it's risky for people buying now, considering where it's come from today. Depends though on using stops if short, and if they intend holding for developments in financing and projects moving forward
I've held painfully for over a year, so am obviously pleased with today's scorecard. I gave mgmt a server on email, as did many holders I believe, but I just feel it could be a turning point. But yes, people need to be sensible
Despite that, I bought 150,000 for smsf at 1.9c and hold those, massively scaled down my losses, and I've been trading it today with some nice profits in the personal account
technically it's pulled back to the 3.6c level around 3-4 times now, and most know that the more it does that and holds, the most it's likely to rally buyer support and run, to where who knows. Similarly if it keeps making lower intraday lows, then it's going to head back to lower levels, but it seems to be the former at the moment but we'll see
If it drops below 3.4c then it's not good, but if it clears 4c again, then the fun probably starts again.
HWK Price at posting:
3.9¢ Sentiment: Buy Disclosure: Held