RE: Relax and let this robbie guy run his routine"I've been reading the incakola blog for entertainment on and off for some time.
I've ignored the guy's advice, and cashed in nicely.
He didn't like EC at under a dime and CSI at under at 50 cents. Both offered 12+ baggers"
Are you refferring to me? That's funny, I've never posted about CSI, and the first post I ever made about EC was on the weekend....that can be easily confirmed by my post history.
So many "investors" have made up their mind about a stock, and refuse to change it, even if the situation changes....those are called amateurs, and they are who gives real investors their money.
Let's talk EC for a second.....you had good news about the property via Kinross's NR, and the stock did nothign.....then it broke it's 50 DMA, fell below it, and came back and re-tested it, but could not break, and then promptly fell down again......then yesterday we had a great day for gold and gold mineres (most were up in the 5% range) and EC was down......
Look, investing is not about being right.....it's about making money. It takes a wise man to admit that the stock they thought was going to go up will indeed go down, and that man will do well with his portfolio.
Now, I'm not saying EC won't be higher in a few months or a year, and if that's your horizon then by all means, sit back and relax. (Although if that is really your investing plan, buying and holding, I woudl suspect that you wouldn't be readin these baords frequently, and if you do, you should stop that. It will only psyche you out. If you are indeed a buy and holder, then buy the stock, and don't even look at the price for a few months.)
But EC is definitely going down over the nest few weeks, and will veruy likely retest the 200 DMA around
.55.