Overall maybe.. up $1000 all things considered...? Lost on some, small gains on others.
I just looked at the whole picture, and had to really zoom out from even my high-conviction positions on where things are trending (eg with EVs etc). It’s a bit of a sad day when you know that certain companies can, and will do very well, but the overall market is suppressed so much that it just doesn’t make much sense to even ‘ride it out’.
Re: holding until they come good Dexter - that was my position, and I’m not one to shy away from a small loss if the FA stacks up. However...I think.. this will be a multi-day rout, which means that for certain stocks ‘coming good’ will be a multi-month affair; and the simple maths of that just doesn’t stack up.
Like I’ve cited above, if any one of my Lithium faves releases an announcement now, they are going to be fighting against some pretty heavy sentiment to make it back to green.
Here’s two examples (there are many).
1) VEC was a bit of bellweather: pretty good announcement about their JORC and resource (hot sector etc) and today down 18% with the rest of them.
2) ARV - gold (!) - announces an additional funds extension ($9m now, at $0.2) and it is sitting firmly below the CR at $0.18.
Those examples tell me that the market has started to ignore any macro or micro value indicators and is now fixated on the trend.
