Forgive me father.. .. for I have sinned!
After making a couple bucks on the run up from .30c last year, I fell in love with this story and loaded the boat at .94c only to hold all the way back down to .50c. I've recently sold my entire position taking major losses in the 50% range .. very very sad indeed!
The story is great, the jurisdiction is safe, and the growth is there - but unfortunately, no one cares. This has clearly been a risk-off environment, and even the mighty ARW is no exception.
My suggestion to all, and a lesson I've had to painfully re-learn, is no matter what the fundamentals are sentiment is much more important and is the real driver of price levels. The chart & volume tells you all you need to know - the street's message is clear.
I've grown tired of being held prisoner - hoping that all my homework hasn't been in vain - and its cost me considerably to admit I'm wrong and now break free.
Is the comany doing the right things - yes; is there value here - yes; will this be a winner - appears to be. Is the timing right - no! I think we can all agree on this given the markets ho-hum reaction to this positive production news. Unless you're here for the very long term, I suggest your cash & time are worth more elsewhere.
However, I'm most disappointed in myself in not accepting what the market has obviously been telling us. Don't fight the tape - don't paddle upstream - the market is always right! These are the most fundamental rules of investing, and I broke them all in return for hope which I found out (again!) pays nothing.
GLTA to those that are holding out. I will be back when the market tells me its time .. until then, my efforts (and sanity) are better deployed elsewhere.
Hope to see you again!
BB