If we see 1p, expect a mass sell off. It's going to happen. Slicing, bailing, you name it. Then it will be a new era of traders that take it to 2p. The veterans will stay to get the gold.
Even selling high to buy low is a gamble. Happened to me before where I sold and then it began to rise and I lost shares. Will it drop further? The fall seems to of slowed. No surprises if we finish back on yesterday's close. Just a golden hand shake to those you bought in today.
If you really think the share price will be between 0.3-0.6 in 5 years time then you might as well sell up now.
If you have spare money just buy more once this bottoms out. It's not rocket science.
It's clear the majority of people here are trying to make a quick buck.
I myself would like a quick buck but it's not happening, so I'll just sit tight and wait.
Wait for your next pay packet and invest into a new share and play that one or as I said buy more here at a lower price.
If people are in trouble then maybe you should consider having a job than trying to trade as a living.
My advice is make sure you have a secure income first when playing AIM. (Unless you know exactly what you are doing.)
Good luck
All the best.
And my guess is people will still be bickering when it falls from 2p to 1.5p in the future. No patience. Why not lock it away, focus on something else?
From the dizzy heights of being 55% up, and the countdown to hitting 100%?
Snatched from us hitting the red, but bouncing back green?!?
Tune in tomorrow (8am) for another day of Oilex mayhem!
https://youtu.be/SJUhlRoBL8M