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06/02/18
17:07
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Originally posted by lifeguard22
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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.
And the trend is down.
For now.
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Vec problem imo is 4ce ...people have used one success at the time to promote another one
Honestly l hold it but watching closely 4ce cause l see little value in 4ce not offending anyone its an opinion...vec does have value providing deal is done and dilution etc is not drastic....all in all its an emotions game ....sentiment changes on a dime will be a rise and l might exit some even or at a loss l dont care about losses because its a part of winning