The faster the rise..., page-394

As a long term holder, LYC got a bit ahead of itself at $11.

A pull back to $8 or $9 is a healthy consolidation.

I remain a longer term bull but concede to being satisfied I sold enough at $10 - $11+, so as not to have any regret.

Hoping that prices go only up but knowing that they don't, was a lesson many of us have learned many times over.

I don't know how much further the price will fall. IMO the market psyche has now changed and the prices of everything are re-introducing themselves to reality.

I suspect we will have one last leg up in this bull market as we all become conditioned to tighter fiscal and monetary policy around the world. It would be no surprise that by mid - year all markets were at record levels again. Then again, FOMO may be replaced by FONGO and we may just be witnessing the beginning of the end of the longest boom in history.

I guess everyone needs to be prepared for both outcomes as the scales are delicately balanced and prone to tip one way or the other.

GLTASH