Post by
gibbonsj on Feb 14, 2023 1:18pm
if today's trading is making you think about selling
Don't. The whole purpose of what is going on right now is to make retail believe that the results of the financials were baked in yesterday and that from here until the next financials there will be an erosion of share price as has been the case in previous quarters. But when you examine that erosion you find the volume does not support a rush to the exit as the share price swings would otherwise indicate. It's just smoke and mirrors intended to diminish confidence. The ball to be watching is 2q inclusive of the transformational accretive acquisition not included in 1q numbers. The acquisition is substantial enough to double important key metrics. Pin that thought to your refrigerator door. You will need to be reminded especially those who have already seen a double bagger out of this. Those are the retail players who are most likely to sell because the fermenting question, as you watch share price get knocked around, is how much profit is enough? IMHO. Glta
Comment by
westcoastloggar on Feb 14, 2023 2:03pm
Retail shouldn't be selling this for a few years yet. Skies the limit here so letting this this baby get up into the 20s is not that farfetched of idea. Too much profit is never enough as far as I'm concerned.