RE:RE:RE:tkometalhead666 wrote: The unfortunate thing is that TGB doesn't exist in a vacuum. It belongs in indexs and is by and large subject to the price of copper. If the market bubble pops or the economy goes into the ditch, TGB will fall with everything else. The Atlanta Fed downgraded GDP from 6% to 1%....there are serious issues in the world not the least of which is massively inflated markets...all markets. Smartest way to play this given 18 months until cash flow is to have a core position, trade a few shares, accumulate once per month over the next year to smooth out and mitigate the market influence. As good as this story is now there's nothing stopping a 50% drawdown should everything go over the cliff....be mindful. Love it long term, be careful short term
You are not wrong. This is ALWAYS the case for every stock. Its not just about the individual story, but also about the entire market. The problem is that these macro stock disasters are impossible to predict much less time. You were saying this same thing nearly a year ago here (I think it was a year ago). People were saying the same thing in the summer of 2020 and those who went defensive lost a LOT of upside.
The key is to not be paralyzed by fear or motivated by greed. Get greedy and start leveraging and you'll get slaughtered. Go fear mode and you might as well put your money in something else. Dollar cost averaging in like you plan to do is a great strategy and works in dips sometimes even better than market bumps. However, it does not work if you have ALREADY built your position in a stock.
Once you have a position, you just have to wait it out knowing that a collapse is possible but the fundamentals are there for a recovery after the crash. Either that or you swing back and for like NF does.