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1.92%

13.3¢ auscann group holdings ltd

Or perhaps I can stick with my plan and that’s it? Whatever the...

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iminvestor101

664 Posts.

73

20/03/19

14:12

Post #: 37824979
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Originally posted by dmaivn ↑

Perhaps you can keep your cool and accept that missing out is FINE. You would take a lot at 30c, then plan your action to take another lot at every 5% drop such as 28.5c then 27c until a support point. My gut feeling is that the support point is about 25c where sellers can hardly make any profit. The ones who could afford to sell would have sold. And the big boys, (the funds) bag holders, could not afford to sell at a loss.

I don't think there is easy money to be made in the short term here. There won't be a KA BOOM like last time with 66% pop (where I exited). So, going aggressive on the long side here could minimise your gain at best and hurt you at worst. You may end up holding the shares for a long journey under 20c hoping they would go back up and barely get out even.

Just my opinion that it's not a good idea to put in a large sum with intention to hold for years. You can do it small for investment. Or you go large with intention to take profit whenever you can and not to be too greedy.

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Or perhaps I can stick with my plan and that’s it? Whatever the result, its water under the bridge. This is a punt and my parameters are set so there’s my money and spin the ball!

AC8 Price at posting: 30.5¢ Sentiment: Buy Disclosure: Held
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