Post by
BudFoxx2020 on Dec 02, 2021 9:20am
Market Sentiments...
Not about WELL, just my point of view in general about the markets. We are in the beginning stage of a BEAR market. Yesterday DOW reversed a 400 points gain to close down 450 points, a swing of 850+ to the downside. Every single ticker I was following was red with huge volume. The smart money was dumping everything at the bid, they know, which tells me an interest rate hike is imminent along with tapering. Anyways, my point is be careful and protect your gains if anyone still have them in any investment. We were in a 12 year bull market, it will only take weeks or months to wipe everything out. Like I keep saying, the markets are not the same as the 90s, we are in the internet age where the markets just moves too fast. Don't be that fool that rides the BEAR market all the way down, then have to wait 10 years just to break EVEN. This is 99% of the people that invest in the stock markets. Hyper inflation, Omicron, China's housing collapse, new lockdown, Feds tapering, interest rate, etc. The MARKETS are always right. All the signals are there telling you and warning you. Yet people can not see it until its too late. There is not bottom in a bear market, everything gets slaughtered. Anyways, I hate to sound so negative but I always call it as I see it. I have been through 2 bear markets (2000, 2008) and have paid dearly for them and learned a very valuable lesson. Anyways, good luck all and be very dilligent. Do not buy or average down in a bear market. This is not tax loss selling, this is smart money liquidating the whole markets under the guise of tax loss selling. Cheers all.
p.s. If you can't help yourself, then just trade the volatility with strict discipline and money you can risk. Trade the market sentiment not the fundamentals. Just use common sense. For example, I have been playing HOD to short OIL. I don't short stocks so I play the ETF. It was a no brainer shorting oil because of Omicron, flights being banned, Countries closing their borders to visitors, Biden picking a fight with OPEC, etc. Cheers.
Comment by
WhatsAPP12 on Dec 02, 2021 10:08am
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Comment by
speedy99 on Dec 02, 2021 10:36am
Well stated, I agree totally. I anticipate that Bud's response will be that the market/chart is telling you everything you need to know. Maybe what he needs to remember is that you and I are part of the market as well, as are others who believe in WELL. We may not be the majority at the moment, but I have never felt that in law, politics, or investing majority should rule.
Comment by
butchtennis on Dec 02, 2021 2:23pm
Monty...I agree fully with your assessment...this selling is overdone... like you, I am patiently waiting it out...the upside will be enormous. Glta
Comment by
alvarez2 on May 11, 2022 4:39pm
Of course we're in a bear.......doubt to many would argue that. This sector has had the cr^p kicked out of it already. Can it go down more ? Sure. But I'm willing to bet this stock is alot closer to a bottom than a top. Some of the other sectors however ?........ I might be a little more nervous to start buying or adding to yet.
Comment by
alvarez2 on May 11, 2022 4:47pm
Starting today.......if you like the company, it was a good entry point to take a position in it and may likely get cheaper yet. It's been looking like capitulation for awhile now to me.