The very nature of speculative stocks means that yes, they can and will gain or lose 30% or more for no apparent or logical reason. Sometimes they are overbought, sometimes oversold, either way, fundamentals win in the long run.
Clearly you have a very different way of viewing your investments to me, if it works for you then kudos.
I’ll stick to my strategy of comparative fundamental analysis as that has worked well for me thus far.
There are plenty of ways to make money on shares and I don’t think there is much point either of us trying to further articulate our views as they just don’t gel.
ESS Price at posting:
42.5¢ Sentiment: Buy Disclosure: Held
