Post by
tamaracktop on Jan 25, 2023 10:57am
You better stay long!
They say history never repeats itself.
That may or may not be the case, but nevertheless, history can teach us a lesson or two.
Exro went from closing at $1.00 on October 26th to a high trade at $2.24 on November 28th.
hose 24 sessions.
The trip wasn't a straight line without interruptions.
At one stopover along the way, the stock pulled back from a high at $1.64 on November 15th to trade down to a low at $1.39 eight days later, on November 23rd.
Then it recovered.
It recovered fast, turning higher yet again to make yet another new high at $1.90 only two days later on November 25th.
This is what stocks do..
Even good stocks, it's inevitable
Two steps forward, one step back.
Very strong stocks sometimes do three or for steps forward, one step back.
When I was a broker, I called it ":the ratchet effect".
The steps back will come as surely as the sun will rise, but they're no more than interruptions to
the underlying trend.
Accept them when they come.
Don't get shaken out.
Don't try to "time" this, you'll risk missing the boat.
This stock could go parabolic on news that could come at any time.
Even without news, I see a very real possibility of history repeating itself.
We may very well see an encore of the October-November performance from here.
Comment by
tamaracktop on Jan 25, 2023 11:06am
Not sure what happened there. That was supposed to read " The stock made 13 new 11-month highs in those 24 sessions"