$SKS Technologies Group Ltd (SKS.AU)$I loaded up at 1.96 and thought it was going well at 1.99 but disappointed when it closed at 1.86 on the day. The next day, no news and it's crashed 13 percent from yesterday to 1.74 just after midday. At this rate with my luck it will be 1.00 by close and 5c next week.
$SKS Technologies Group Ltd (SKS.AU)$I bought on open at 1.96 and have bought the very top and as with all my buys they have fallen by 30 percent within 2 weeks and 50 percent in 2 months and many have delisted within a year. But within 1 to 3 days after I sell the stock shoots up 30 percent to 1000 times within a 2 month period. So this stock will be 5c in month as long as I hold, but when I sell, it could go to 50 dollars in a few weeks.
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Pablovski
:
Hold this for 6mths, but follow the announcements carefully for and trading updates or profit downgrades. This is a decent growth company
RedHammer
OP
:
it's like the stock is now set to crash as soon as my long was done. The price is falling 3 percent per day and on track to gap down to 5c in a few days. I didn't sell at 1.99 yesterday and less than 24 hours later the price has tanked to 1.815. Maybe I should have went all in for a short instead of long.
Pablovski
:
You just need to work on your entry timing, this company has strong fundamentals and i would expect a bounce somewhere around $1.6 maybe higher. I bought in at 1.2 and sold at 1.4 because i got bored as the price was being capped with large sell orders sitting at 1.5.... should have held 3 weeks longer Remove your emotions from trading and don't expect the price to rise as soon as you buy.
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Pablovski : hope you held :)