Post by
tamaracktop on Aug 18, 2020 1:32pm
News Flash
This is a correction. It's what they call it when a stock makes a big move up ( in this case 25% in 10 days ), and then pulls back on profit taking or whatever. Why all the doomsayers? This is what stocks do, and I'd like to think everyone here knows it. I'd also like to think that this is the tail end of it. We obviously won't know for sure until we're looking back on it. People have short memories. Remember the Covid low? It was March 16th. The stock opened at $1.80, down 20 cents. People were scared. Then it dropped to $1.74. People were terrified. It was all over. Finite. Then it rallied to $2.43 later in the afternoon and people were very very happy. Very bullish.Then it closed at $2.08 and people were..content. Then, one month to the day later, it was $3.68. The lesson is don't let the market drive your emotions like a gocart. It isn't easy to make big money in the market because you'll never do it without experiencing periods of pain and doubt. One will always require the other. That's the way it has always been and will always be. This is the stock market.
Comment by
filoux004 on Aug 18, 2020 1:34pm
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Comment by
tamaracktop on Aug 18, 2020 1:50pm
Your most intelligent post yet
Comment by
Wheels on Aug 18, 2020 1:52pm
I have to agree. Who makes more money traders or investors?...long XBC.
Comment by
filoux004 on Aug 18, 2020 2:22pm
This post has been removed in accordance with Community Policy
Comment by
Wheels on Aug 18, 2020 2:39pm
Wow! Well that's nice. https://www.youtube.com/watch?v=JddNDtC-Yrs
Comment by
tamaracktop on Aug 18, 2020 3:18pm
Wow! That's incredible! If you had just bought Xebec five years ago today, and kept your inane ramblings to yourself, you would have made 128.9% compounded annually. No worries. I didn't waste my time calculating that. It took me less than 20 seconds. You are a laughing stock.