Most liked posts in thread: NUH - Nuheara Limited
Page 1 of 6
Some more really positive news for NUH today. As you may have guessed I am pretty heavily invested in this one and in more than one occasion I have doubted my decision to go hard here. I think the product is a winner which is being proved with the latest set out announcements.
IQbuds BOOST™ has been selected by the United Kingdom’s (UK) National Health Service (NHS), through a formal Tender process, to provide hearing solutions to adults and children with mild to moderate hearing loss
NUH in trading halt and apparently raising funds at a discount to current SP, so again the poor old mum & dad investors getting screwed again. I am fortunate that I did not buy at the recent highs of 12cps but I am sure many did with the announcement of good news.
But saying that it is pretty obvious that NUH will continue to need funds to manufacture products probably over the next 12 months as supplying the number of outlets with products is an expensive exercise then waiting on the cash receivables could be 30/60/90 days etc.
Just another reason that you should not fall in love with a stock and to have a clear plan to take profits. I could have walked away with +$20k profit on Wednesday but had no clear plan except that I like the product I'm sure traders would have taken the money and even looked to reinvest on the retrace as this is not the first time that this has happened.
note - I was hesitant to put in a dollar amount above but putting in a % does not truly indicate the true failure of not having a plan!
3 exit's missed due to being greedy ie. not having a plan, so multiply the missed profit by 3 and that hurts.
As someone trying to learn, I am concentrating on buy signals and have never considered a sell plan.
My sell would be when a trend line is broken. The only sell indicators I have seen are reversal signals
that are more of a pattern than a single day sign.
I guess a bit more study on my side is required.
Sorry for your lost opportunity.
Thanks for your post
@Austwide thanks for your reply and as you can see I am learning as well.
Lots of good information available on this site but I have just read step by step trading ebook (link below) then went back and reread pavilion103s thread (link below) and I found it help fill some major flaws in my trading. Obviously still lots of work to go but feeling a little more comfortable today.
Good luck with your trading and just jump in posting as I have found it a very valuable experience instead of just stalking in the background.
Page 1 of 6