Agree. Some people will panic and sell with emotion & little logic. This also presents others with an opportunity to buy at bargain prices.
As Warren Buffett once said that it's wise for investors “to be fearful when others are greedy and to be greedy only when others are fearful. (Source: Investopedia) "It might present a good value investment opportunity when others are fearful. Act greedy when others are fearful and reap enhanced returns under the right set of circumstances. Predictability must be present and short-term events that create the subsequent downgrade in prices must not erode intrinsic value."
For those who appreciate history, we have seen world events (e.g. Covid & others) where the world markets panic, followed by significant returns for those that have bought undervalued stocks when others are fearful. Seen this before. With Cygnus, we are seeing low volumes being sold, and I for one, are happy to buy. Cygnus has great tangible assets and a bright Copper/Gold future IMO.
CY5 Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
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