Post by
riski on Mar 03, 2023 3:02pm
Traders welcome
I don't mind the traders on the board. They are a good reflection of a lot of the market's tendencies. You can see the ultra negativity from them when the share price is going down day after day while they sit out and make fun of us - in good humour of course - and then their excitement when the price starts to go up and momentum returns they see a trade and go for it. And a lot of traders in the world do the same thing. Wait for upward momentum. This is good because it amplfies the upward moves as everyone jumps in.
Snow has had some great calls on here over the past few months...not catching the bottom by any means, but distingushing significant upward momentum from an upward day in the middle of sideways chop. I hope he is right here. I think a lot of people are still sitting on the sidelines watching very carefully and wondering where oil is going to go, but FOMO eventually brings everyone in driving the price up.
Comment by
ManitobaCanuck on Mar 03, 2023 4:56pm
A Healthy market needs bulls and bears .Critics are needed to set the house in order. Everyones opinion is valued and appreciated . Cheers