Post by
bigops on Jan 28, 2021 10:23am
trading, patterns, technicals and reddit
First of all -- I kind of love the fact that a lot of the super hot money posters are gone...makes this board much more manageable.
So we fly up and have now settled down - I am no technical analyst but this pattern seems totally reasonable to me. We were up on euphoria and general momentum both in our particular story and in the oveall lithium/ev space. These themes tend to hit crecendos and nadirs over and over - its important to simply sit back and recognize where you are at. Over time fundamentals will win out - that being our permits, advancing the engineering and a JV eventually.
While it would be nice to have the reddit crowd take up our cause or simply look at our sector -- those sorts of gains can be a flash in the pan if you are not fast enough...i prefer slow and steady (OK...maybe not this slow...lol).
Interesting days in the market for sure - glta
Comment by
jwillis99 on Jan 28, 2021 10:33am
Yes, fundamentals always win out! I can see technical analysis if you are a daytrader, other than that, don't pay much attention to it. Actually, the wife has a relatively large holding in game that was bought at a higher price than ,mine, I chose to sell as I had doubled my money and wanted to lock in profits, sitting with cash watching it!