Jim Letourneau's Blog

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Nevsun Smackdown

Nevsun Resources Ltd. (NSU.TO) Posted by Hello

Ouch - a picture is worth a 1000 words. Nevsun is sliced in half on news from Eritrea. The $2.00 level is critical support. End of day volume was 4.6 million shares, more than just a few "Nervous Nellies" sold today.

If you investing in high risk/high reward opportunities you will occasionally be confronted with the statistical probabilities of your strategy. It sucks. At times like this it is helpful to do some self examination and to make some hard choices about how many strikes you are willing to take.

Not Advice
Courtesy the Big Picture Speculator
No position in NSU.TO but it was on my shopping list.