That behaviour actually makes me feel pretty good about whats ahead.
I see it as a sign that others want what I have.
Remember Rick Rules Paladen story.
Saw the stock price tank.
All those who sold and he bought dirt cheap is why he made a fortune.
If the price had never plummeted and he bought up, he would never have made the money he did.
All the smart money knows it.
I heard him say not long ago, he had sold enough if all his U stocks to pay himself back and cover his capital gains.
He added, he was still invested in them all, but at no cost.
I cant recall him saying, hey everyone, I’m selling heaps of U stocks at the moment.
When he was selling, it would have been all those complaining on twitter now about subdued prices that bought.
We can all copy the strategy as there are so many that are scared to buy low, resist with increases then finally cant resist and buy high.
One mans loss is another mans gain.
It took me a few years to wise up.
TOE Price at posting:
21.5¢ Sentiment: Buy Disclosure: Held
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