Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Interesting a day......
Technically it was too early to enter on signs of reversal (on the indicators I use) but given the volume I decided it was worth a punt at 0.18 (with an amount I am comfortable to lose) when we had a plus-62% retrace from the days high movement.
High risk so obviously took on a small position. Happy to accept a small loss vs a possible large gain.
So currently in the red, but lets see what tomorrow morning brings....
@B1ll
Which posters are you referring to?
Seems like reasonable and respectful views being aired here.
Break that with volume and onward and upwards.
0.2 reached on live pricing.... I entered at 1.8 on early sign of the reversal, still not confirmed but looking "interesting"!
After a retrace of 66% from today's high and sign of reversal, perhaps this is an opportunistic RISKY buy.
Now touched 0.14 , pretty much down 50% from the earlier high. Ouch.
IF a re-rate is due on any stock, best to buy on a (significant) dip rather than a spike.
Lets wait and see. I originally posted at just after 11am at what now appears to be the current high of the day at 0.27. Less than hour later price is down to 0.18. That's 33% down and dropping.
Just saying be cautious.
Great post. I think your reasons for investing reflect that of many of the PIs.
Makes you feel like a mug, doesn't it? No comfort at all, but don't take it personally - many experienced professional investors have also been caught out by this. Remarkable state of affairs.
Good luck.
Not saying this is definitely the case, but always best to be mindful of a sudden rise which may be caused by someone posting a recommendation on another "hot topic" company chat forum where people are trying to recoup losses.....
Sent today, awaiting reply.
Hope so. Mitigate the disaster that is SXX ????!
BOOM!
Is this the time to bail out? A difficult call as there is not enough information to make an informed decision, but having bought in here at various stages, with the primary holding bought very early on sub-10p, my losses here are not as much as some.
On the face of it, this is a 50/50 gamble. But what I would hate to see is PIs with significant PAPER losses (remember, its only a loss when you sell up), deciding to monetize that loss after the crash in share price, only to see the large institutions come in and mop up the shares from the Bargain Basement before a potentially significant rise. Have I seen this before???
I am not saying this is going to happen, just painting a scenario for consideration.
After Thomson Holiday's demise, one might have expected the SXX share price to react negatively today, but in fact, the opposite is happening. It might indicate that the market doesn't think the Govt will have any part to play in the survival of SXX, and indeed, might indicate that the market views SXXs chances as quite positive.
If the amount you are left with "on paper" is now so low the value is negligible, why not hold and see what happens? If you bought in above 10p (which so many have, by a huge margin and in significant volume) where else can you put the money to make it back?
I would consider holding, or if new to SXX, buying a tranche with disposable cash at these levels.
But what do I know, its a casino!