RE:RE:WITH A TARGET OF $3.00 WHY DO WE KEEP FALLING BACK.?
KnowledgeSeekr8 wrote: Investors sell for any number of reasons....
I will say that I sold some of my shares recently between $1.45 and $1.50 for multiple reasons, needed cash for a margin call, I'm over invested in this one stock in my portfolio, my average price per share is well under a dollar so I profited a little bit, the share seems to be range bound with a high of $1.50
I'm sure there are more reasons for other investors beside the above
What I will say is investors need to think longer term in current market conditions and especially with this company specifically. If your timeline is less than 12 months, this likely isn't the company for you. Think 3-5 years especially with this current market environment and long term higher interest rates. We may be in a bear market for 5 years, we don't know.
Be patient or get out now or the next tme we hit $1.50. That is my advice to all these daily complainers that we haven't hit some arbitrary price target from some "analyst"
DCM looks to be in the best shape it has been in more than a decade and if they continue to improve this way we will get there. But watch out for a recession, if that happens we could just as easy see sub $1.00 than we could see $2.00+. This is a very lightly traded stock on the TSX, so I wouldn't be shocked if we went down again before we went up.
You did the right thing and your advice is sound and on point.
My advice for 2023 is for investors to remain patient and more defensive. I don't believe the next bull market has started just yet. When it does happen, DCM will do well and likely reach those targets. That being said, in the short run, I would not be surprised if DCM revisits the lows of 2022 in a year where many economists are calling for a recession over the next 12 months.