Generally it is a good time to sell short term, when there is any talk of Hats, Trains or even train drivers buckling up because their wearing hats that are about to blow off.
It happens on so many stocks, only to disappoint over and over again. Its the mentality of the amateur investor. Wait for short term news you already know is coming, get news you basically already knew or thought, get euphoric about it, buy shares from the insto's that are selling them back to you.
I mean I would ask the question, all of those pi**ing their pants in the posts above, talking about said hats and where will the sp end up, where did you all honestly expect the sp to go today? Honest question.
It is easy for someone not educated in the market, to come on here today, read your posts get caught in the over the top excitement, and then get burnt. Happens all the time. I used to do it myself many years ago, which is why it still annoy's me sometimes. If anyone here says it has never happened to them, well you are taking the piss.
Not to take anything away from the general direction of LOM and long term holders, which I believe are heading in a positive direction. My sentiment on this stock if you look back through my posts has almost always been hold, so I am not telling long termer's to sell, maybe just that they should be realistic on timelines and entry points. I will be back into this stock at some stage in the next few months, just not until the financial situation is cleared up. I feel I could possibly find a good entry when capital is raised again.
If not, I will get in when it is time, and if I pay more so be it, it will not worry me in the slightest, because I will not have had my capital wasted sitting somewhere doing absolutely nothing, and the issues that stop me from investing now will not be there.
Sometimes long termer's feel like they have won when great news comes out and the price doubles, and they can't wait to rip into those on the sidelines, but personally I think well yeah the price has gone up, but the risk has now been lowered for my entry, so I will get in at a slight premium with a far lower risk, while you guys have been sitting here for years getting diluted over and over again, just waiting for this one jump.
That is not directed at anyone in particular here, just my general investment view on most stocks.
Expand
(20min delay)