Originally posted by AOF
"
It is not that people are selling. It is that no one is buying. The only sellers are the shorters"
Yes...!
Yes, I know...!!
And isn't ..that.. truly great to see...!!
IMHO all of the 'real-buyers' are still, simply sitting ..patiently.. on the sidelines, like a pack of grinning vultures, licking their lips and just ..waiting.. for these 'short-sighted-fools' to keep right on artificially pushing the GXY SP even lower still, before they, will finally make their moves.
I know, that I, most certainly am.
Whilst the current market 'doldrums' might be annoying to all of the 'daily penny-flippers' it is a pure and heartfelt joy to all of us GXY LONG 'value investors'
and with the broader markets now literally soiling their pants every single time Th Don and /or Teresa blurts out yet another China Tweet or scary Brexit Headline, that again, sends the Wall St Lemmings hurtling precipice-wards, all of us LONG GXY 'accumulators' raise our eyes skywards again, and offer up yet another little prayer of thanks.
I know, but it is easier to be comfortable and all jolly when you are sitting on a very nice on paper profit and still have cash to buy the dips, than when you have a paper loss of 150K+, no cash left to average down and in need to free some cash in a couple of months ....
