GXY Great Buying Today, page-97

Many lessons learned on the market over the years. I tend to stay away from falling knives at all cost. GXY was a great buy at 2.98, followed by 2.80 and then 2.70. People will say it's great value now at 2.42 as well. Is it really if it's going to keep dropping further down though? Why pay a small premium and take on a falling knife if all it requires is a bit of patience and being on the sidelines a little longer?

Browsing HC you soon come to realise why over 95% of investors lose money on the stock market. Most just keep buying into falling knives or start selling their stock as soon as their holding goes a little red. There's no reason to make either decision with emotion. A period like this, you let the market look after itself and once a trend reversal is identified, you hop in and buy a stake.

This could easily go to $2 from here on in. It certainly has the momentum now..