RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:The bottom priceYeah as for myself I had my lesson with Yamana Gold (YRI) last year. I bought 10,000 shares early last year for around $5, and I sold at around $4.75 because I needed the cash. I then saw the stock go under $2, and recover to around $6.75 today. It's incredible how a bashed stock can recover quickly once things turn around. Also, gold is still under $1,300 so it's not as if suddenly Yamana was worth 3 times was it was worth a few months ago. Sometimes the stock market just doesn't make any sense, that's why going long and holding doesn't always make sense but it seems that a stock always goes back to its fair value over the long run.
Annayya wrote: I said "almost" which excludes some people.
What I was trying to say is that people have to be very careful and do their DD rather than getting scared from negative comments from shorts. This will only make things worse for all of us longs. With the level of control shorts can have with 10 mio shares, they can beat the SP down and cause panic selling and taking advantage of the stop losses, recently experienced it with TTNP but I kept holding it until it was back in the green. Never seen a stock perform so badly after an FDA approval, but its a lesson learned about how much control shorts can have.