RE:RE:ANATOMY OF A LEAKUnfortunately homestretch, there may be 4 or 5 people who actually take his posts serious! Biggest clown I've ever came across!
Homestretch4me wrote: OMG you are a loser. I've never heard anyone so ridiculous before. Once again, nothing has changed. The Corona virus was always going to come to North America, it wasn't a question of IF it was a question of WHEN. As far as the organizational reorganization, everyone already new about that from the last quarterly report. You are scared, all the time. When it goes up.....you are scared and sell. When it goes down.......you are scared and sell. Basically, the only thing that changes is the way you slant the news. Good grief Charlie Brown you keep missing the football all on your own.
Starsearcher80 wrote: Welcome to the bottom of the food chain of knowledge. You NEED to understand your position in the market. You will ALWAYS be the last to know. Should it be that way? No. Don't the "rules" protect you from this? NO. Isn't this absolutely unfair and illegal? Yes. Is it reality? HELL YES.
The other day the stock started tradng "oddly". Down days the stock went down. Ok, the market is a little nutty. But remember that massive up day the a few days ago? And WEED did nothing?
THERE IT IS. While you will ALWAYS be at the bottom of the food chain of knowledge, there ARE those higher up the food chain who are "showing their hand" so to speak with the trades going through. That WEED wouldn't rise at all to the occasion was a red flag to say the least. "What is going on" people would ask. Well I'll tell you what's going on. THEY KNOW AND YOU DON'T.
I make my living in the market, and follow the trades closely. A few days ago, I made the difficult decision to exit my full position at an average of about $24.60. As it turns out, the trades DID tell the real story, and I've saived a lot of money on the drop since.
At a certain point, yes, I'll buy back in. Not today, or for several days. I think this Coronavirus is going to destroy the market. Biden bounce? Feds throwing money? IMF throwing money. NONE of these are going to stop a virus that shows no signs of stopping, and is now mutating. IF this leads to wide-spread selling by joe-everybody who has a mutual fund and thinks the market only goes up, and then Funds are forced to sell, which will bring the market down further.....There is EVERY potential for the sell cycle to get a very nasty life of its own. This hasn't happened yet, but right now there is the perfect storm for it to happen.
Truly my best wishes to those continuing to hold. Sorry that news whacked you, and I DO think it's a disgusting example of a leak.
We'll see where this all goes. Definitely uncharted territory.