Dropping to much

[#1]

Any ideas how low this "bullet proof" share will go?

[gmoney]

no such thing as a bullet proof share,especially in these times.

[#3]

i said not lower than 190c, but the market proved me wrong! Anything can still happen

[#4]

I was actually sarcastic because everybody was going on how good the share is and it can only go up. Made me buy more than what I was supposed to.

[platsak]

Should stabilize roundabout here with a few dips to the 140's.This one caught me on a few occasions. Lot of weak hands trading in this share. At I am still largely in cash I will nible this price and try to average down to the 140s. Will problably run towards the end of the year and early next year before their next results.

[KVW]

I think this share has pelted everybody, I had my usual stopp loss but I cancelled it, I really think we should see a resource bounce today and tomorrow, should get back to 200 but then there's going to be the usual sell off, as lots of people climbed in @ 190, so once the losses have recovered people are going to jump boat, but in this market, the next share you buy is also going to burn you, I'm thinking about taking another 15+ % loss and leaving it at cash in the bank, all my profits from Feb are gone and I'm running into capital now, I can't wait for the bounce, going to bond my house to the roof and once the bulls start running again I'll be able to buy another property, so it's hard now but when it goes up we're all going to be smiling.

[platsak]

Oooooh. Ouch. This is brutal. Down to 140 for sure. If that dont hold 100 and thereafter 77c.

[#8]

Can it really go lower?

[MAGICIAN]

Yip

[john_1]

2 things.. what exactly makes this bullet proof...second.its maximum decline is down to 1c. Yes thats right is can go as low as 1c so you should have had an exit stratergy.

[#11]

Any body still holding this share?

[SimonPB]

john is being polite. If you don't have an exit strategy, you're toast.

[#13]

There's no such thing as dropping too much. If you making money then its all good, if not then .....Good luck

[#14]

mkaduh - they need you in isle six

[KVW]

Few examples of pain, look at PAN & WEZ charts, you have to have a bail out at a point. Remember it will reach a stage when it will go up and that's when you make up your losses, it feels really bad to loose but you can't win them all.

[#16]

Question: Has anything changed fundamentally with the company? If no, this surely is an excellent buying opportunity when taking a long to medium term view.

[barry_1]

SOL call warrants earlier caught me out,difficult as it is one must move on....GOLD with good reason is now all the rage,if i held any (i don't)MRF now i would have sold and in the meantime invested in smaller gold shares such as AFO,DRD and perhaps SIMS and when MRF starts rising again return the money to that share....In my muddled opinion only.....yes for the first time in about ten years i hold gold.Bought DRD installment,AFO share,CALL WARRANTS on GFI,HAR,ANG.

[john_1]

Ask yourself the same question of AIG then plan your exit..

[venice]

Too many people are giving the market its own personality, the market is not your friend or enemy it's your master just go where it tells you to go. When the market goes against you people get defensive hold on wishing/praying it will turn why???just get out first loss is the best loss. Remember if you are right 40% of the time and exit your other positions as soon as you see them turn, you will be a profitable trader.

[SimonPB]

Zoomdox, that assumes that the prevous high prices were fair. maybe the high prices were unrealistic?