RE: I thought the bottom was 10 No idea. I don't have the farm on this one, I have even $ invested into a "basket" of stocks. My entire portfolio is down 70%. My wife hates my "gambling habbit" which I used to try and tell her it's "investing" but now I see it as a lie. My best position is down 20%. My worst is down 60%. I need 120% rally in this stock to break even. I'm pretty much tired of the markets. In 4yrs I have lost enough to buy a nice home for myself. And while big boys can short and I can't, they eat your money when markets are down and when markets are up. All I see is pacman gobbling up the coins no matter the market direction. I don't believe a word from anyone on BNN. I think they all lie and have no idea what is going on. I think that when a fund manager is hyping a stock he is hoping we buy it off of him at high values so he can turn around and short the stock. I used to try and trade with stop losses. But what's the point on being bumped out on everything everytime it drops 30% when it seems dropping 30% is normal? So using stop losses has reduced my net-worth by 50%. I gave up on that. Now I'm just holding forever. Maybe I'll break even on this stock in 5 years. Who knows. But so called trading has cost me a fortune trying to play the so called "technicals"..... Sure, I'll make 10% here and there on technicals and then it gets eaten up by 2 positions that get stopped out at 30%. So for every dollar I earn, I loose 5 dollars. What a joke this market is. I don't recommend markets to anyone and I only hope that one day somehow the markets give me back everything I lost so I can walk away. New money that I have saved is staying in pure cash in so called "high interest" bank accounts that earn compound interest of 1.2%. I won't put RRSPs into funds of any kind. There is no reason why I should share my hard earned money with big banks and market crooks.
Can you tell I am also frusturated? The bottom to this stock? At this rate, $2.....
Cheers