Weebit - 2021and beyond, page-10007

No worries, Flight, it's all good.

No matter how good the fundamentals are with WBT, it takes nerves of steel not to let any emotions come into play here, depending on how much you have invested and at what price. As others have said, it still hurts to see the value in your portfolio slowly dwindle and diminish over the last 2 months. Its a shit feeling, I think we can all agree.

The further price goes down, clearly the higher the likelihood is that people will get weak hands. I thought Comincon's post was on the money and there are broader risks around the whole market. Just as a rising tide lifts all ships, the same is true if the market tanks. At whatever price any stock trades at, the holder always has a choice - get out or stay in and ride the storm. If you think the market is going to tank, then a rational person who still believes in the stock might think "stuff it, I'll get out, buy back in later and pick up even more shares".

But a word of warning...this is exactly what I did some time ago when the price headed back into the $1.80 range. I thought it was gonna keep heading down so I got out only to see it turn against me, and then I was left scrambling trying to pick up shares again at a much higher price. Theend result was me paying a heap more for a whole lot less shares. So I got the double whammy of feeling like crap as the sp was falling until I finally decided to abort ship, then feeling like crap (which I still do today and harbour regrets about) as the price went back up and I'm thinking "why did I do that?".

So lesson learned for this young soldier, and I will not do the same again. I still feel like crap watching it go down now though.

On a technical/charting note, we do have some strong points of confluence at these levels. The 200 EMA is sitting around the $2.60 level that also lines up with support around the $2.50 - $2.60 range. Hopefully that will hold and we shouldn't see prices head south of that. If you are thinking of selling, I wouldn't sell into that wall of support as you are also risking an announcement that would shoot price north.

The only real risk to me is broader markets tanking, but I'm willing to take that risk.

Of course, not financial advice and do what you will, but I'm a long term believer so for me it's better just to take a deep breath and try not to look at it so much....