Post by
tankumo on Oct 14, 2023 12:41pm
Market direction
Hi everyone, as a short term trader in stocks and commodity, I do pay attention to general market movement. In a bear market, it is very hard for stocks to swim against the tide, generally speaking. What's coming up according to some reputable and reliable experts who I follow is this, Q4 will be much better, one Elliott wave analyst and also one other expert think we are heading up to around 4800 S&P, some others are looking at higher stock prices beginning now but without specifying target. If this is true, it will be a tail wind for many stocks including DM, in my opinion. I hope DM stock price will catch this wave, later on in 2024 the market may not be so friendly. My current short term trades are long tech stocks and long gold stocks, I just closed my short positions. The above is just experts opinion and they can be wrong. My trades are also not 100% profitable, so do your own dd. DM is the biggest position in my portfolio and I don't intend to sell any, I don't think it is time to sell yet, but that's just my own opinion.
Comment by
Thecook100 on Oct 14, 2023 11:58pm
Thankyou tankumo, I have been telling this board indirectly for years. She's a coming. Just hold strong and dont sell your shares for at least months :)
Comment by
tankumo on Oct 15, 2023 1:25am
I actually thinking about buying more if it drops.