Its never good holding strong to your convictions when the markets are
overly punishing you. Take the pain or sell. Real loses are seen when you
hit that sell button.Until then, its a paper loss with mental stress that comes with it.
So far, Every time Ive hit the sell button on EXK, its been a winner. My shares
are underwater at the moment, thats all. Lets these monkey bashers have their day but,
its not over until you hit the sell button. This ain't over by a long shot. Look for more
M&A action in this space.
Brutal downtrend the past month. Just when I think this has to be the bottom, it creates a new one. Not enjoying the ride, but I am convinced a reversal will happen. Just don't know when, but like you, I sure ain't selling for a loss at these prices. Look at the 2 year chart. For every steep downtrend, there has been a sharp reversal back up. Lots of stop losses being taken out today I would guess. Once that is accomplished, money to be made on the reversal by more than just us peon investors.
First comes doubling down, then comes tripling down, then comes the "o well its only a PAPER loss", then comes "oooo great buyout candidate", then comes realization that YOU are in fact the bag holder...