RE: Dropping fast13 Dec 2021 11:21
Danphonic,
Try to follow the news, there is too much noise on bulletin boards and holders who wants it to rally despite. Try and follow the data/news and everything else with a big pinch of salt or those who make more correct calls till they stop getting it correct. Politics of govts and world sentiments goes someway towards the direction of stock travel regardless of anyone's opinion etc. After closing the last short trade from 150+p, I took an punt re-short and closed out with a loss on the fast rally on 6 Dec when it failed to go and re-test the lows and took a lucky punt long and closed with a few p on and closed on the spike on 8 Dec, and initiated a short when it respiked again hrs later but will close when i feel so, Ironicall it is at almost the sames price on my last post.
If a long term holder, IMO look at far out, currently it is quite opaque. You know what direction this is travelling so far, nothing moves in 1 direction forever, all depending on your timeline. Everybody thought summer, them autumn toreturn to skies but in truth there are no vision, just guesses, if so this will recover. Also, remember the finances. In a perfect world buy an uptrend so if timing is wrong it will come back, if shorting shortinto a bear stock and if timing is wrong it will also come back and continue till it stops working so more correct times than incorrect so is an overall win. So I will try to follow the chart till it stops working. Have a good week all.