Well as I called it the stack @ 0.003 dint last long....
Question is who will be lucky enough to get out @ 0.002 that will represent a 33% - 50% loss at recent prices, but is still better than 75% +. Hard to recoup from those ones.
I am pulling my buy price of 0.002 on Monday, Second highest week of volume this year, the market is saying something, what is it? I reduced my holding a while back and sold more on Thursday, i am happy with my small holding now as a punt.
Every other company announces management change, I was wrong a few weeks back and have changed my view. I also mentioned that this week. Each has there own risk profile, this needs clarification on whats going on here. This is not a down ramp or scare tactic just that i have changed my View.
I will not be felling sour if this turns with a bang, I will be happy for all and have a small enough holding that will cover my losses, but there is a very real chance of it headed south. If that happens any good ann will be sold into, and it may be lucky to even get to where we once wanted it. But as I have said even when I was bullish, thsi is not producing this side of xmas.
LNY Price at posting:
0.3¢ Sentiment: None Disclosure: Held