It appears that the 'market' has spoken in terms of downward pressure on sp? So... what is the market? My observation is it is rife with jittery 'traders' that have not summed up the risk/reward profile, understood macro economics and recent challenges, and determined a long term position based on an entry price they have deemed as reasonable. Up down up down. So the hoards or masses panic sell (or the 'market') and create a decrease in the sp. That's OK. Someone will pick them up. No point getting upset if that is the strategy you employ, after all, the jittery traders are the main problem for such wild swings. To me, the macros have improved and the announcement is positive. TH may have been overkill but nobody knows what is being discussed right now and for what time frame. All I know is that MYG continues to move forward.
I will try and put it really simply:
If you don't bake ur cake for the right amount of time, you get a flat, doughy cake (that goes for opening the oven door for a quick, impatient sticky beak).
If there are no wheels on your car, you cannot drive.
To be a champion, you must train and try hard. There is no waking up oneday and woopee, you're an olympian.
MYG Price at posting:
2.9¢ Sentiment: LT Buy Disclosure: Held
