Just over 2 years ago, we see this stock is trading at above $0.50(after adjustment), Ezra was one of the favourite stock among the retail investor. I think many still holding this counter because they probably think it is "too late to sell" or " Hopefully, one day it will bounce back"
** Learning point
1)It is never too late to sell a losing position,
2) Dont Hope
3) Stock can drop more than 90%, it is always unexpected.
We say that in stock trading, risk management is the most important, knowing how you can prevent yourself having a big loss in a single stock is the first things you need to learn before you fall in love in any single stock.
What I do here is using our Trend following system, ART Supertrend system for EZRA, when Green Candlestick turn Orange, we will get out our LONG/BUY position. This has proven many times that we can avoid a big loss.
Portfolio Review with ART system - Promotion Ends 29 Feb 2016
Portfolio Review with ART system - Promotion Ends 29 Feb 2016
Previous Post on Ezra == > http://www.andy-yew.com/2015/06/ezra-rights-and-convertible-bonds-issue.html
Find out How to Trade using ART Supertrend systemThe histogram below show that Smart money already left this counter. That is why there is no support.