RE:RE:WE NEED TO BREAK THIS F N TREND "TODAY"!!!TA ALWAYS APPLIES ...
As it provides us an ability to track and see footprints "insiders in the know" create and leave based on actions taking place behind the scenes... prior to material changes actually becoming public knowledge- by the time IR actually puts our an NR 95% fo the time its already factored into the stock price, and most the damn time, hype propelled stock beyond its fair market price so it typically becomes a "buy on rumour sell on news scenerio" like we just witnessed!!!
Score' stock price has dropped 18 of the last 20 days since they 'officially' released news of scorebet app launched in the marketplace.
You dont believe seeing your investment drop 18 of the last 20 days a little bit worrisome? OR at least symathzie with the people here who just bought in at levels much much higher than todays current stock price?
I think the issue here and issue I am starting to have is that there is little reason to be maxing out your RRSP money on score as it now enters next phase that is going to require A LOT more work therefore alot more time to develop.
Now the company needs time to make the next level of production aka sales and revenue come to fruition and that isnt as easy as a simple NR... it has over 20 jobs online to fulfill, and then they need to put those people TO WORK!
I believe in this company 100% but I dont believe in parking my money where its "dead money"... or buying more shares at "Y" when I can buy them at "Z" several points or percentage LOWER weeks or months down the road.
You make comments like "cry me a river"... well alot of newbies (thank God I am not one of them, but I sympathize) just bought in recently with the recent pump of New Releases and now find themselves down 30-35%+ in two weeks - you dont expect those people to be a little worried when they have lost a third of their capital in couple weeks!
I agree if people cant handle volatility they shouldnt be investing in todays markets PERIOD...
BUT AT THIS VERY MOMENT ONLY THNG LONGS (or those who believe in this company and its management) CAN DO IN MY OPION IS
A) BUY MORE SHARES which I did yesterday
or
B) tune out the noise, log out of your account, and check back in, in a month or two.
Selling shares at these oversold prices in the worst decision in the world you can do (IMHO)