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PGA - Photon Group

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In my inexperience I attempted to day trade with a further 8k when the price was moving between .088 and 0.09 - got them at .088 then got caught when they dropped a little, now sitting at 0.085.
I'd be basing my trades on a 0.075 to 0.09 range - it seems to be trading in a narrowing wedge... will keep an eye on it. It doesn't converge until April - by that stage they could be anywhere. Looks like there has been a few large "risky" buys in mid-Nov and late-Dec (every 6 weeks).
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I dumped out today at 0.090, definately a relief!

Considering buying back in (with a much smaller quantity) if the price drops back again?
 

skc

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hmm...im a fairly inexperienced investor.

I bought in given the refinance and the new direction set by Jeremy Phillips. They also seem to have recruited some high quality talent. I bought in 10k worth fully aware it was a risk but looking for the turn around.

In my inexperience I attempted to day trade with a further 8k when the price was moving between .088 and 0.09 - got them at .088 then got caught when they dropped a little, now sitting at 0.085.

Hoping for a positive announcement to boost the price before I reduce some of my risk...

I dumped out today at 0.090, definately a relief!

Considering buying back in (with a much smaller quantity) if the price drops back again?

You 'attempted' to day trade this share and ended up holding it for 2 weeks! You should really learn to stick to your game plan (for the day-trade parcel) and cut your losses, before you trade anything...

You got lucky this time... but let's not wait for an expensive lesson.
 

skc

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Good move...i work in the industry and the buzz around the re-capitalised Photon is not good.

Always good to get an industry inside view. The thing with Photon is that they went on an acquisition spreed fueled by debt, promised the sellers that there will be heaps of future performance based payments, and forced everyone to take big haircuts during the re-cap process as those future payments were re-negotiated. That would pi$$ a fair few people off in the industry.
 
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