RE:RE:RE:ANATOMY OF A LEAKLol.... Well, my average was well under $2 with over 30,000 shares and I sold at $50+. Havent had a position in a long time but I still follow the company and still like the long term prospects. You have no idea who your talking to.
Starsearcher80 wrote: Ahhh, right on cue my little head clown! I know, I know. You're in it for the long term. Blah blah blah. To the moon...blah blah blah. You go on spewing your shite. I'll go on making money.
Btw, that was a tough trade. I don't like losing trades, but the newbie mistake is to base the good trade on whether you're up or down. Honestly, that's irrelevant. The ONLY question is whether there are more upside arguements than downside. In the short term, the arguments were, and are, now heavily downside.
So how 'bout it. Another verse of Kumbayah?? ;)
Peyton wrote: Your so full of $hit!!
Starsearcher80 wrote: Welcome to the bottom of the food chain of knowledge. You NEED to understand your position in the market. You will ALWAYS be the last to know. Should it be that way? No. Don't the "rules" protect you from this? NO. Isn't this absolutely unfair and illegal? Yes. Is it reality? HELL YES.
The other day the stock started tradng "oddly". Down days the stock went down. Ok, the market is a little nutty. But remember that massive up day the a few days ago? And WEED did nothing?
THERE IT IS. While you will ALWAYS be at the bottom of the food chain of knowledge, there ARE those higher up the food chain who are "showing their hand" so to speak with the trades going through. That WEED wouldn't rise at all to the occasion was a red flag to say the least. "What is going on" people would ask. Well I'll tell you what's going on. THEY KNOW AND YOU DON'T.
I make my living in the market, and follow the trades closely. A few days ago, I made the difficult decision to exit my full position at an average of about $24.60. As it turns out, the trades DID tell the real story, and I've saived a lot of money on the drop since.
At a certain point, yes, I'll buy back in. Not today, or for several days. I think this Coronavirus is going to destroy the market. Biden bounce? Feds throwing money? IMF throwing money. NONE of these are going to stop a virus that shows no signs of stopping, and is now mutating. IF this leads to wide-spread selling by joe-everybody who has a mutual fund and thinks the market only goes up, and then Funds are forced to sell, which will bring the market down further.....There is EVERY potential for the sell cycle to get a very nasty life of its own. This hasn't happened yet, but right now there is the perfect storm for it to happen.
Truly my best wishes to those continuing to hold. Sorry that news whacked you, and I DO think it's a disgusting example of a leak.
We'll see where this all goes. Definitely uncharted territory.