I was in the gym on the morning of the direction change announcement and when I read it I thought,'hmmm.., not good - I wonder how the market will react?'..and then
BANG! -10%, -20%, -30% (can't recall where it landed)
All along I was thinking to myself - really, what does this change? I called my wife and asked her, 'what do you think?' She said 'don't be soft - back yourself.'
Glad I did - not just for financial reasons, but also it confirmed my ability and validated the process. It was one of my first specs that I had very little industry knowledge about.
Just wish that I'd had a bigger set to avg down further at the bottom and not once the TA came back on side, but that was what I told myself I would do and so still happy I stuck to my plan.
My next ST goal is to learn more about the TA stuff so I can call it myself earlier next time.
MUS Price at posting:
17.5¢ Sentiment: Buy Disclosure: Held