RE:RE:RE:RE:One thing is certainNever thought it was a swipe my friend. Just wanted to clarity what my strategy is... timing entry and exit which may or may not be "the bottom". I lose some but win more. So it's a positive average. I'm getting a lot better too. I love it.
BayStreetWolfTO wrote: Snow it wasnt a jab. I tuly do wish you luck. Sure you could exit and enter for a gain...I never dispute that. You are respectful which is why I don't ignore your perspective. If you felt the good luck comment was a swipe it wasn't. I do however know many people who have tried the exit entry stuff and lost. I hope you aren't one of them..being sincere.
Snowballer wrote: For the record I'm not trying to "time the bottom". I am trying not to be greedy or dumb. If excess profit is on the table the the average market return for one (1) full year is 8% to 10% and I can see the probailities of momentum changes than I want to:
1) Take excess profit
2) Protect my capital
3)Watch for next momentum shift
I'm here to make money, not collect stocks at any price lol BayStreetWolfTO wrote: Yes most default back to the share price.
I will say the last two months have been very positive. IF...and I don't recall your position...but IF you believe in the supply/demand thesis...than the last few months have been imperitive to that. The SPR draws are an important part of my thesis.
Now sure if we didn't have the SPR for these last 90 days the share price would be higher but I'm not looking at 2022..
So it really depends on your perspective.
Some will try to time the drop but I have seen that play out too many times in my life. I say good luck to guys like snow...rarely have people I know time the absolute bottom. Not to say it doesn't happen but it is very rare
Here we are $90+ share price $6+..YTD still up 60%
Still beats my banks, insurance, pipes etc (even with the dividends)
TheWokeLemming wrote: The ugly days are far outnumbering the positive days in the last 2 months. Sometimes cash is king.