RE: 90p placing price23 Jun 2021 14:02
Levs,
You'll need to be careful with that talk, I got called a de-ramper for predicting 100-110, never mind 90p. I believe it will be news flow dependent and I think we will continue to fall back until either, we see the 100-110 mark or a substantial news event that would propel us forward again.
I also got called a de-ramper in the 150's for demonstrating via my charting that the technical's pointed to a sub 120's SP in the near term. Well, it would seem I was correct based on the subsequent SP action, like I am 90% of the time when you remove emotion from the equation and understand the technical's.
Spencer,
I disagree wholeheartedly with your sentiments. How much have you lost in the value of your TGR stock since falling back from the 150's? Taking some off the table in the event that the stock gets ahead of itself is never a bad strategy.
How much to take off the table is unique to each stock with regards to the the expected news flow, trading pattern, confidence in your technical understanding and many other aspects.
I will admit, when starting out I did indeed as you say, sometimes lose more than I gained, but with experience I now make substantially more money by being technically diligent and not just relying on the fundamentals. Selling high and buying back lower will always make you more money than just simply sitting through all of the peaks and troughs, the key is in your timing and not being too greedy.
But, most importantly of all, there is no need to be a hater because we have different strategy's, we're all here to make money and I'm neither ramping or de-ramping, I'm just calling it as I see it and frankly, I've not been wrong on this stock yet, so cut me some slack.
Best, Nate