RE:You may be rightGolendelima, I may have relied to much on a "guru" (your term).
Nothing personal. But, from personal experience and from analyzing the mistakes of others: people get burned the hardest when they follow what others are doing in the market without understanding why/what they are doing.
In this instance I was trying to convey the thought that there are people out there that are intent on misleading others in an attempt to manipulate stock prices. I am under water on this SNS. It gets pretty frustrating when the guy you followed into a stock has long since cashed out, and working on getting the next big win.
I understand, but, SNS has been looking ugly on the technical side for over 6 weeks now unless you have been day trading it and/or shorting if you can get a borrow on shares. Otherwise, the chart has been breaking down. Add to that the insanity that is OPEC and how volatile WTI is - aggressive downside. We traded rangebound in the 1.30 - 1.60 zone and because of the shift in external fundamentals which causes a break, we go lower. Whereas, if everything was excellent in the macro component, we'd be breaking upwards out of that sideways range. Our attempts through $1.60's faded; unsucessful.
So, yeah, buying at those levels and not being quick to exit if/when it breaks down... sorry for the loss, but, to be expected.
However, SNS still remains strong amidst the outside noise. Yeah, it's not nice to be down in the red, but, evaluating what has actually changed with the company... not a whole lot. Just let the external stuff blow over. When we see some revenues reflected on the balance sheet from the recent deal they got themselves into, it will likely be favourable. Don't average down or buy more until we are out of this rut and breaking upwards which likely is coming when the macro turns bullish again. Otherwise, you're just p i s s i n g money away as people thinking the $1.30's, $1.40's or $1.50's was our bottom were not considering their downside risk.
I don't consider this guy you mention a manipulator. I just consider him a guy that has a flock of people who will pay for his words as if he is Jesus and then usually the course of action is to blame the lack of perfomance on him if/when the price doesn't perform. It's not his problem.