Depends on how you view your investment. 88E is a share that you “should” ride the waves and de~risk along the way. Any speculative stock is exactly that. You must consider the assets for which the Company promote as a pathway to success and decide if you want to hold until the very end. On success that can be a very rewarding prospect and it does happen. Others consider the position of SP movements on the release of news and trade accordingly taking profit along the way and leaving a smaller shareholding for long term success. At the current price there will be many opportunities for profit taking in the future. The question for most is the timeline. Unfortunately this is where the majority of us fail. On news short term we could easily rise up to A$0.03 and above. However, it would be unlikely the peak would be sustained for an extended period of time dependant on what exactly the news was but it would create a new support level and so on to the next announcement. The secret ingredient is knowing when the news is likely to break and make sure you have retained or hold a reasonable shareholding at the time. This is your be in it to win lottery scenario. So, yes you need to be in it to win it but at at the same time limit the amount you pay for your ticket. At A$0.024 which seems to be the current level both here and on the LSE represents good upside as all of the bad news is now out in the open therefore the next announcements should provide some positive sentiment moving forward. I feel confident the Company will be looking to provide some upside from hereonin and expect positive announcements very soon. We will see a flurry of activity before the winter months are upon us.
This is all in my opinion.
Good Luck All
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Change
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Mkt cap ! $57.86M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $101.9K | 51.30M |
Buyers (Bids)
No. | Vol. | Price($) |
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514 | 1361282451 | 0.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.2¢ | 62464179 | 20 |
View Market Depth
No. | Vol. | Price($) |
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392 | 1227558997 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 5375412 | 5 |
0.003 | 578667432 | 226 |
0.004 | 223019047 | 110 |
0.005 | 59085042 | 48 |
0.006 | 35128234 | 35 |
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