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clock Created with Sketch. 18/01/18
19:23
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Originally posted by ContraryJ
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The stock makes no difference. If you believe a stock is under priced you buy. If you believe it is over priceed you sell. This idea of I am a long term holder is garbage. Why would anyone hold a stock they think is over valued. It sounds great but why would you do it? Now sometimes you miss somthing. Last year with refi I bought. Learning more about ReFi and seeing REE prices drop in november I sold. I ended up buying back in Febuarey at a higher price than I sold. did this cost me? yes. But it had nothing to do with long or short term holder it had to do with what I thought the stock would do. work it out if you think $2.00 is a solid price then hold. If you think long term ( 3 to 6 months) LYC will have trouble supporting $2.00 then sell. why would anybody hold through a major drop in price just because they think the stock has great potential a few years out? I recently sold because I do not understand what is suporting todays price. I may lose but my logic is I have a good chance of buying back in at half the price. I may get locked out but there are many stocks out there that have better risk rewards than Lynas.
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