Jarta.. I know how you must feel..
I sold 75% of my position at a loss, but I am still "up"
on my 4-5 trips, but it's sad to see everyone in so deep
they adapt an "all or nothing" mentality.. That'll kill your
portfolio IMHO..
I think the key here is capital preservation so you'll be able to play next week, next month and next year. I know it's at a rediculous price right now, but what if it goes lower or to zero?
BTW - I am not suggesting anyone sell, just saying that I think it's important to preserve your capital, however little
it may have shrunk to.. There will be other days and other stocks to help you rebound.. Other opportunities.. But without cash, or with most of your cash tied up in eConnect, you may just lose it all, lose out on other opportunities, and perhaps worst of all, cause yourself a lot of grief and headaches..
We should not forget what has happened this past year..
Of course, if ECNC acconts for a small portion of your portfolio, or if it's just play money you're willing to lose, well, then all the rules change..
Good luck!..
I had averaged at about $.31 and sold at $.22 so I lost almost
30% in no time, but I have cash now to put into other things,
and I don't watch the stock second by second.. lol
"Nothing is either good or bad, thinking makes it so"..
