Hi folks (and Dooley),
The weekend, yay
It's been a trying few weeks for my ST/MT holds - most are down about 10%. Having a longer-term timeframe is a huge help, though. A few fell through what I thought were solid support lines - all have stops. We'll see how this develops over time.
Notice how so many of the much-talked about stocks have tanked in the past few months?
DTZ and CR8 - peeps talking about a race to 10c not all that long ago, right? Both need to go up about 100% to get there from present levels.
BUB? Down from 45c to 18.5c
IAM - down about 45% off its highs of a few months ago. Didn't we have someone recently who was talking about catching the knife at IAM at about 6.3c for a million or so shares? Ouch.
For any newer members here, watch out for the hype.
Nothing is more certain than that the peeps who were talking endlessly about the amazing FA/TA of stock XYZ will become very very quiet when their amazing spec tanks (as they just about all do). God knows I've fallen for this as well and have bought at/near the highs. It's no easy thing to see *your* stock get sold off relentlessly, apparently for no good reason. The markets - and us - are not always rational.
I'm sitting on my hands for now. Got the stocks I wanted at the price I wanted. I've doubled down on 2 of them (allowed under my rules, but can only do that once per trade). Now I'll wait. Making profits trading shares is easy, right
All the best
