Post by
MyNameIsNobody on Dec 09, 2022 2:41pm
Just mho but... better to hold than trade
I was thinking earlier to sell what I have in my rrsp when it reached 52.1$ in order to buy back when it fell in the 51.60's to make a bit of dough but hey.. so far glad I didn't.
There's the upside trend for sure but, day-to-day, this stock is very unpredictable.I'll stay in my 'buy and hold' long game.... lol... i'll remember this as one of the 'good trades in never made'.
Of course the day ain't over yet.
Comment by
Nordico on Dec 09, 2022 2:55pm
Hah yeah I've been glad I've resisted the urge to try to time any trading/flipping of this since the $30s. Pullbacks have been shortlived and you never know when some institutional buyer will load up over several days, moving the SP up several dollars. Happy to hold indefinitely (planning to only start trimming at $180+).
Comment by
flamingogold on Dec 09, 2022 3:06pm
Good price target to start the trim. That's when everyone's brother-in-law will start buying and telling everyone it's the new gold or crypto. Maybe loudmouth O'Leary might start buying too lol.
Comment by
CanInf on Dec 09, 2022 6:28pm
I believe you are correct here Nordico. The fragility of the pull backs was once the fragility of the gains. We are in a fundamentallty different place. And my rather faulty sense is this still has legs when substantial red mornings turn into green days.