Post by
old_dog on Oct 01, 2020 12:34pm
This must be frustrating people
Over the years I've bought a lot of stocks and in most cases I always looked at where the stock had the potential to go. Now back in the day you didn't have the internet. You had the news papers, journals, monthly's of some sort and you weighed through the information. Your daily news papers were your tip off to the hot stocks...volume, highs....and for the most part people just went off that info.
Today people have current information in such vast amounts that they get overwhelmed by information and above all of that are the hot stocks......hot stocks are only hot while the herd is pouring in like it's ice cream and they're getting lots of scoops of the good stuff. But it also leads to is this uncontrollable urge to jump from stock to stock because it's NOT MOVING FAST ENOUGH. So people move on to another hot stock and after a time the same thing happens.....it gets cold and they jump again. It really works well if your jumping in at the exact right time and taking a exact percentage every single time but people tend to get screwed up because they came in too late on that first real run and they end up selling when it back fills and that back fill doesn't happen as fast as they think it should be.
Years ago I use to get frustrated with stocks but I have come to learn that it doesn't pay to get bent out of shape over a stocks back fill periods.......they go up...they back fill...then they go up...they back fill......sometimes that back fill is just a few days...other times is a fe weeks....but once it's back filled and the availablility to buy at the level goes up then the stock goes up.
What I'm trying to tell you folks is use some patience...relax...if you use this methodology you'll find that you make more money and you make more smart decisions.
I'm not promising you that MRS ig going to $1.00...I'm not promising you that it will go to 80 cents...but it will go up but you need to give it time. Now while I sid I'm not promising it will go to 80 cents or $1.00....I'm not saying it won't go well past those target prices but you need to relax and let it move with NO EXPECTATIONS....
old_dog
Comment by
old_dog on Oct 01, 2020 12:42pm
Dang I need spell check on this.... old_dog
Comment by
JohnWashier on Oct 01, 2020 2:37pm
I'm going to agree with you strongly on this simply from my experience with PWM, which I believe you invested in aswell. If I hadn't held it through that downturn aka covid, I wouldn't have come out with such profits! Took alot of patience and I stopped looking at it, but in the end, it paid off.