Tough week!Everybody feeling OK? It's been tough, but like all market corrections, this one will end. There are two approaches that you can take. 1) Buy companies with solid business plans and potential (ie. Wavve)on the dips or 2) turn off your computer and come back next month. Guys, this will pass, and Wavve will be one of the forerunners of the next market leg up.
I keep thinking back to last Thursday and remembering how good I felt. Then I think of that day logically and conclude that SOMETHING BIG HAD TO HAVE HAPPENED. 1.5 million shares were bought that afternoon all the way up to $17.50. They were not small lots crossing either. I was watching the action and I have to tell you that it resembled panic BUYING. So why had it drifted to $11.25? Most of it is obviously market driven, and a lot of profit taking. Wavve is further ahead tonight than it was last Thursday!
I have to admit that watching WV fall these last few days has given me the urge to take some profits. But then I put things in perspective, look ahead (not next week, but months ahead) and everything seems to be OK. Don't let the overall market scare you. Would you rather a be closet day-trader or a closet Warren Buffet. Who always wins the race??