Originally posted by asb83
I changed my sentiment to "Buy" at $2.57, citing that I was "Waiting to see how this level holds up" (
post here). I subsequently bought the following day - hence why my Position was "Held" by the end of the following day (
post here). If I had kept my original order I would have picked the bottom perfectly! That wasn't the case and I bought back in in the high $2.50s. Hindsight is always great! The market sell-off on the 14th was a worry and it was safer keeping the powder dry waiting for the dust to settle - even if that means buying at a higher price/average.
My position changes depending on the charts. Fundamentally, I still think it's overvalued, but the chart is my friend for the moment.
Could you be so kind as to provide your allocation of rough values to the different assets?
(Based on the current assets and their inherent base values, I cannot fathom how you could see this as overvalued)