...Please, the share price goes up/down 10% when someone just buys $5,000 worth of shares!
Don't touch this one with a 10ft pole!
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That's the issue. Not buying but selling. I'm one of the idiots that swallowed the hype so now stuck with a massive loss of tens of thousands of dollars if I sell.
Having sold a few of these Dog stocks over the last couple of years for a loss of a six figured sum in total, sometimes you just have to bite the bullet and exit no matter what it takes, your not an idiot, you were just blinded by unrealistic possibilities at time of purchase.:cool:
I bought a few parcels around the $3 mark.
Ya poor bugger! I sympathise I bought more than I should have at $2.80 so you are not alone!:(
I cant bear to sell mine for next to nothing either. I still live in hope the share price might just might start to creep up again although that approach didnt work so well for me with my Wynyard shares where I literally lost both my arms and my legs :scared: but ya never know! ;)
Geepers, there were only 5 weeks that the price was even in that range, during the first 13 weeks of listing. Feeling for you now, have you thought of a way to signal when it's time to get out of a loser, like an exit strategy maybe, or stop loss orders, or something? Bit past it though with this one I admit.
Thank you for your advice. Geo Op was one of my very first share purchases so I was stupid on many levels. I mistakenly belived the buy and hold strategy was the right thing to do. WRONG! I have learned a lot from my mistakes, I cant say I wont make more mistakes but I look at the graphs now and I get out much sooner. I probably jump ship to early now but its better than loosing your limbs! ;)