GREY:LFDEF - Post by User
Comment by
BlueHorseshoe13on Feb 19, 2016 1:14pm
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Post# 24575589
RE:RE:RE:PUSHING DOWN TO 1.20
RE:RE:RE:PUSHING DOWN TO 1.20 My apologies, I made an incorrect assumption above.
Many on this board have assumed that you can wait for news and buy wtih a view to big gains. It's likely one or the other. If/when positive news hits the window to buy at current levels will be near zero. Even though UR has been put through the wood chipper, people are still watching it.
My guess is that you either buy at current levels looking for the big gain, or look to strap in at +2.50 and hold for growth.
Oddly, I think the second strategy is actually *more* risky as you're buying at a higher valuation and youlre likely more exposed to multiple expansion/contraction than you are at these levels (which is jitter risk). If you can stomach a 30% downside for six months (which I'm starting to think is worst case scenario absent a total market collapse) you get to set your cost base at "I'll never care about market fluctuation again" levels.