GXY 0.00% $5.28 galaxy resources limited

Shorts capitulating..., page-48

  1. 1,658 Posts.
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    You're talking pure TA and half the sites you mentioned are so often wrong (particularly about GXY - and particularly Aussie Bulls) than the pure and simple advice - that if you want to make money the easy way then the best advice is to find a good company with excellent prospects, buy it and hold for the long term.

    I haven't lost from that strategy - and neither have most here because we are looking at the fundamentals - both this company in particular and the boom and enormous positive growth around lithium and the renewable energy sector. We are in at the beginning of the story and at a transformational moment in this company and the energy sector as a whole.

    If you want to make better investments - better to spend time researching fundamentals, announcements, the experience of management, the history of the company, the forward estimates of earnings and resource prices. You know - the regular stuff that helps you pick which company to invest in. Then weather the BS of the day traders, the trolls and let the market reward your investment of time into that purchase decision.

    If you're not keeping an eye on the ball - reading the announcements, looking at what is coming up for the company and how it is is positioned in its sector then you're focusing on the wrong thing. IMHO.

    I like TA too. But let's not get carried away - the reason for the current dip is purely about the waiting phase that we are in. One announcement from HQ and all your sweet graphs will change in a second.

    Hope you do well with your strategies but for me its FA, baby. All the way.
 
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