MY BIGGEST MISTAKEEQX went against my better judgement. Back at the beginning of 2021 I didn't think it was possible for EQX to continue its drop. AND drop it did. After dropping from $17.99 to $13.25 we just kept sinking. $13 - 12 - 11 - 10 - 9 - 8 and below.
Again we are seeing this happen; again just this week. Not the same magnitude. Twice this week we were trading above $10 with Monday being a very big up day trading as high as $10.20\share. Now we are facing a drop below $9.00. 10% down in a matter of days. Right back where we were in June 2021. I give it a 75% chance of dropping below $9.00
I keep believing that EQX is due for a BIG UP DAY shooting for the $12 area. All the pundits have been way off with their predictions and the truth I guess is they will continue to be way off. DEFINITELY MY BIGGEST MISTAKE; to keep believing day after day, week after week, month after month.
EQX is the poster stock, I'm sure, for easiest to manipulate. For 2021 it has been the worst stock in my portfolio.
Had we all dumped EQX 17 months ago and loaded up on Solaris just look where we would be.
Had we dumped EQX at even $15 and bought SLS at $3 back in June\July 2020. We would be 5 times our money. Instead we are ready to fall below $9.00.
And I keep hearing Ross Beaty-Ross Beaty-Ross Beaty. At this point all I can say is big deal. A year from now we still won't be back to our old high. However at that point we may be getting a dividend.