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Banter and General Comments, page-8407

  1. AOF
    2,144 Posts.
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    "In past year and half we have lost 70% of our then value, was we used for laundromat?"

    Honestly, I am not trying to be an insensitive smart-arce here, and I do realize that a lot of folks are concerned, about the falling GXY SP and the way the 'wider market' is going, BUT, honestly folks you really do need to understand that's why it's called "The Stock Market".

    The stock market goes up, and the stock market goes down, and the stock market goes up again, rinse and repeat, rinse and repeat, and usually, once per decade, or so, the stock market has a "major correction" and unlike, 'the only two true, guarantees in this life', the stock market certainly, doesn't, come with ANY guarantees attached, and as harsh as that may sound, ...THEM, IS JUST THE FACTS...!! and there's nothing, at all, that you, or I, can do about them.

    The thing to always, remember though, is that if you're a Long investor, like myself, then you haven't actually, lost, ANYTHING, until ..YOU.. decide, to hit that Sell button, at a price that's lower than what you paid, and that's why if you are, a true, GXY Long, then you shouldn't ever, put 'stops' in place, on your own GXY shares. Why, on earth, would you ever, give the 'Market Manipulators' the opportunity to actually 'force sell' your shares from under you, when your back happens to be momentarily turned...??

    As the world's two greatest investors, Warren Buffett and Charlie Munger like to remind us, "Unless you're willing to own a stock for ten years, then you shouldn't own it for even ten minutes" or, now putting those exact same wise words, into slightly different words, of just one-syllable, PATIENCE is your friend, and PANIC is your enemy. Of course if shorter term share Trading is your bag then completely different game rules apply.

    IMHO, absolutely nothing, about GXY's fundamentals has changed for the worse, indeed, quite the total opposite, and providing you understand this and are able to wait out all of the current stock market shenanigans gyrations skullduggery manipulations flips and flops that are going on as this titanic battle between the West's 'old fossil money', and the East's 'new renewables money' plays itself out, then you will eventually enjoy a much brighter, and happier, and far wealthier future.

    It also pays to remember what happened to the SP recovery of good quality share in the years following, the GFC, and what also happened to the accumulated wealth of those folks who panicked and sold out of their good quality shares as the markets plunged and then also failed to buy back in at the bottom. As the old saying goes, "They who forget (or choose to ignore) the lessons of History, are simply forever doomed to repeat them."

    Anyway, I hope that helps a little, with my own perspective upon things.

    Ohhhh, and just one last thing, as Warren and Charlie, would remind us, ..."BUY, when there's blood in the streets"...!
 
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