RE: Nitwit - An example of quality analysis and deep thinking19 Nov 2020 13:22
So, why did I get in at 8p? I've already explained this to Sensetalka but he must have forgotten as he's asked me again in here, but as I now have the floor in my own personally titled thread, (though you did spell my name wrong Spurious....oh dear, you do that a lot), I'll put it here for you all to read.
I was watching VLS from 2p back in January of this year; before Covid was even mentioned. I had considered buying in at 2.5p, but something diverted my attention and VLS dropped off my radar. I was watching so many stocks at that time, so it's a difficult admission to say I missed out big time as it quickly rose to 16p. However, it doesn't change the fact that the Fundamentals were very clear and the reason for the Breakout, was Hype. If I need to outline why it was only Hype considering it quickly rose from 2.5p to 16p back down to 6p, back to 10p back down to 6p, brief pop to 8p then dropped to 4.5p.............then you shouldn't be trading!
This is going to be such a long journey that 8p represents the middle of the range since March 2018. Any price action within this range is good, but It should go without saying that the 'Lower, the Better!' Right? Any price below 16p is a Good Buy, any price below 8p is a Better Buy and any price below 4.5p is The Best Buy. You must consider the psychological Hype. Getting in at 8p ensured I didn't miss another premature Break Out to 16p or above.
This isn't a 'Day Trade', but I'm surprised at how many people are in here on a Daily basis and how often they argue about the stock. It's years away from seeing anything! If it break out of 16p this year, then I'm happy. If it doesn't I'm not surprised, but I'll wait till it drops further before Buying More. Before the recent BO to 16p there was a level of consolidation in the chart. This consistent level is around 3-4p. This tells me that the True Value at this price. Buying at 8p allow me both sides of the range from it's lowest to 16p. I'm in the middle.
As for Hype you only need to look at Virgin Galactic last year, Novavax this year, but the icing on the cake was Hertz!
Peace out children. Play nice, or don't play.