Don't mistake the term 'weak-hand' as an insult. They may very well be the smart ones in many situations. No one stops anyone buying back in either. I hold and trade.
Also backwards in 3.5 months implies buying at the peak. The SP got ahead of itself at some of those peaks and corrected sharply. For longer term holders the story is much different.
My point was that the SP has now fallen even below Mac B's own very pessimistic valuation. At some point any holder has to ask: "what is this stock really worth".
"Do I really think it's going to stay down forever? Is it all a scam and the company worthless?"
Even Mac B thinks it's worth more than it currently is.
At what point is it a screaming buy? 35c? 30c? What happens then?
GXY Price at posting:
37.5¢ Sentiment: Buy Disclosure: Held
They may very well be the smart ones in many situations. No one stops anyone buying back in either. I hold and trade.
