RE: SHorts covering
LordV:
I apologize for the harshness of my most recent post; however, it bothers me no end when people spend so much time blaming others when their stocks are falling.
It is always a great situation when our stocks are doing well in the midst of an out-of-control bull market. And it is also natural that many of us congratulate ourselves for being such geniuses as we watch those stocks go up exponentially over the course of a few months.
When the tide turns ...... well, we're still all geniuses, it's everyone else that's either stupid, corrupt, or a combination thereoff.
TD had at least three clear sell signals after June 9th of this year.The first, June 10th broke through support on the upper trend line that had first started March 17th. The second sell signal came on the 20th of June when it broke through horizontal support on June 20th, and the third when it closed well below horizontal support that had been established at $64 on July 2nd. The market gave you fair warning and you didn't listen. You elected to hang on to your stock, which is fair enough ..... but remember that it was your decision, and yours alone, to keep your shares in TD.
Admittedly, there are all kinds of things that take place in the stock market that we have no control over. We do, however, have control over how we decide to react to what's going on .....
Buy, sell or hold. Three simple choices that we - not the monkeys on Wall Street or Bay Street - have to make for ourselves. And we live with the consequences of those decisions.
Good luck with your investments.
SR