RE:RE:RE:BNN Market Callborne2run wrote: Investor1234, it appears the BNN analyst is a trader or momentum fund manager.
Methanex declined from over $100 in Q4 2018 into the low 40s last summer. All those who bought shares between $60 and $100 and are still holding will be looking to break even. Thus there will be plenty of sellers to slow or impede any up trend.
One of the most useful things one can do as an investor us to get past any idea of rationality existing among investors. Instead of the $100 investor putting in same dollars at $50 and getting an ACB of $66, said investor will instead look to sell and get out of his "mistake". Investors have no problem buying soup half price, stock, not so much. My recent activity was donate 200 at $90, and buy 1000 at $45. Been a shareholder about 2 decades with first buy 600 at $8, second 1200 at $4. I walk the walk. MX has CAGR of something like 13, 15% over two decades. One of my best companies ever.