RE:RE:Priceauburn2 wrote:
As long as sellers are in control it can still go lower. I bought my first LN shares at 4 cents and in short order the stock was 1.5 cents. It was being liquidated. Not long after that the stock began climbing and exceeded 20 cents. These swings are very good for those able to figure them out and capitalize on them. Not so good for whiners who expect to click the buy button and go back to golf.
Of course it can go lower, even 2016 lows. That's why I am trying to build a large position with a tight stop loss (2.30 -> covered at 2.24, now in again at 1.98 avg). Don't fall in love with a stock in a downtrend, but this one has no debt and no near term bankrupcy risk. We should bounce to $3+ if gold prices hold.