The only Food I'm seeing eaten right now is shares of virtually every company out there. Why should we be exempt from the bloodbath.
The real question that everyone wants to ask I'm sure is:
Do I get out or do I wait it out.
The options:
Leave now - You will lose a lot of money from where we were last week early. The stock price can recover a lot quickly (.13 to .15 is not unheard of for a price rebound in SGX).
So the question here is "Do you feel lucky!!!!"
Holding hurts short term but will likely pay back longer term with this play. Selling can work if you can get down on the price (which is down 50% from the start of last week).
This play could drop another .10 cents mainly because of the overall market conditions. Problem is good stocks suck right now. How are the specs going to be viewed.
Just remember Sell and you Lose, Hold and your down for a bit.... I'm not even sure that phrase works as well these days with all of the market manipulation. Look out we could move either way this week.
I just don't want to look Captain. The ship's breakin apart!!!!!!!!!!
MM