RE:McEwen Mining Crushed, Why Bother?
volatility is picking up. Rather clear we are making a low 10% swings in each direction day over day. I love investing when everyone is so negative. When expectations are low its easy to outperform. Mcewen always flushes out the bad news early on and takes it on the chin right away. Shake everyone one out who cant stand the heat and give the smart money another chance to buy the lows.
Things go down cause big money wants to buy (buy low) things go up cause big money wants to sell (sell high). Your either smart money or your dumb money. Opportunity is created by a down move, if its an up move smart money sells (doesnt buy). So now that we are low are you buying ? or will you wait for it to rally to $3 before you feel comfortable again. Building your position now that its cheap. You need 100,000 shares to be rich. good chance your not even close to that figure so why not take advantage of the low and get a few steps closer.