Post by
mill44 on Sep 28, 2015 3:19pm
A day like this
is how you find the bottom of the market. Are tere going to be any sellers left after today? At least for a little while?
Comment by
mrrbc on Sep 28, 2015 3:26pm
Everytime I think we've hit bottom, it moves. In fact it's moving faster than I can lower my standards. I hope our PGD (good) news flow is sufficient to overcome the macro bear trend. I'm patient....
Comment by
mill44 on Sep 28, 2015 3:31pm
Trying to predict bottoms is a dangerous game. But when you see a mass exodus, what are the chances that there are more sellers left? At least for a while.
Comment by
mill44 on Sep 28, 2015 3:34pm
Unfortunately it will mean little for us. It could even hurt actually, unless some really nice news pops up when people are hoarding cash.
Comment by
mill44 on Sep 30, 2015 3:51pm
I guess for whoever played the bottom, it was worth it. Nice return for 2 days.
Comment by
mill44 on Oct 07, 2015 9:49am
This turned out to be quite the bounce. Fcx and Tck went up 40-50% in 4-5 days. If this lasts, we might have found the bottom for commodities.