MGT 6.90% 27.0¢ magnetite mines limited.

I don't mind people profit taking. We all will do it at some...

  1. 3,212 Posts.
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    I don't mind people profit taking.
    We all will do it at some stage.
    All depends on what time period one does it. Some do it intraday and some may do it in 2035. Horses for courses my friend.

    I used to hate shorters. But the truth is, they also help the upside when there is uptrend. Because the risk is unlimited, shorters have to buy in and will help the share price to go up. (For those who are interested, search 'Volkswagen's infinity squeeze')
    I have accepted this is all a part of the game and feels much better.

    Also, with another stock I am in, there was a big run up, and then the SP was pushed down hard and fast for accumulation and also, natural correction. This helped me get more time to do indepth research on the company and invest more. Now I take all these moves and see I how I can take advantage of the situation.

    So, nope, I don't mind people profit taking smile.png
 
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