GREY:XEBEQ - Post by User
Comment by
tamaracktopon Feb 05, 2021 2:53pm
194 Views
Post# 32486550
RE:RE:RE:I'll answer my own question
RE:RE:RE:I'll answer my own questionI should qualify my earlier post that suggested the market is not like gambling, more specifically, my statement that the market is "not like a horse race"
In a way, the market is in fact somewhat like a horse race, with 2 major dissimilarities that work very much against the average investor.
The market is a horserace with no finish line, and you can switch horses whenever you want. The problem many investors have is that they often switch to a horse that's tiring.
The horse that's leading through the second turn very rarely wins the race. I should know. I bought a horse once. It won it's first race. That was that. Finished. Kaput .
At any given time, you will see other stocks that are moving sharply higher, when yours is in the doldrums hibernating. This will be true any given time, and without exception.
I mentioned Exro yesterday, and pointed out its momentum. In my head, it looked like a very good trade. In my head, the idea of switching Xebec to Exro wasn't even a remote inkling of a thought worth even considering.
There is no question that there have been some people here switching from Xebec to Exro. It started yesterday, and it's continuing today. Many people here are familiar with Exro, and it's been mentioned on this board many times, including earlier today.
There's some switching going on, but the people switching are moving to a horse that's sprinting from one that's been drafting behind another, conserving its strength. To me, that's a bad idea.