This is about redeployment of capitalThis might shoot up tomorrow in which case I have 15000 shares to go along for the ride
In the meantime I'm hoping enough people get drawn to a story about a company that creates fertilizer and soil remediation treatments from cow dung... while generating power it sells under contract and on peak power demand contracts to the Alberta grid.
Totally under the radar small cap that needs attention, just like NXO....but with real cash flow (could not resist)
And bless NXO if it does run tomorrow. Above 51 cents I begin to earn back losses on my initial investment so I hope it runs over 1.36 where I begin to cover my original 40k NXO investment
But I've simply taken the haircut and redeployed 25k of those on another penny stock that has promise and potential. Its nothing personal really. I wear big boy pants and push my own buy and sell buttons for 6 trading accounts.
And truth be told, NXO held better than NTAR which went from where I sold it at $4.25 to the $2.44 it closed at today....and I actually sold NTAR today at better prices to put money into ERTH and I picked up more Gamehost which was\will again be a core yield hold
But I have also spread small cap risk around again so today was a small cap shuffle too.
I've take lots of money out of my small caps lately and I think it is not until today I am satisfied (no I am never really satisfied) with how it looks.
An unintended consequence of reducing my exposure to NXO