RE: Not selling29 Oct 2020 11:44
Great post Dodge! And you got there just before me with the % uplifts :)
What I have also looked at (I am adding the amateur investor caveat here for my TA) is the % retracement that we generally see just after news. There is on average a 10 - 15% pullback the day after news (March was significantly bigger but Black Monday had an impact of course). I believe that is mostly profit taking and then we rise back up again, solidly, just as Dodge highlighted. So none of the pullbacks concern me in the slightest - just a top up opportunity for those who can.
But I am not so sure however that this news run will see the same pull back IMHO. I think the macro economic backdrop has held us back on this current run into NCM quarterly and the increase going into the news was much more muted than normal. I see this as a positive as hopefully helps us consolidate more at this level and then we can rush off to the races! I will add I am a LTH who is tightly sitting on my hands. Noone is getting my shares for a good, long while!