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Re: greens12 post# 394

Saturday, 06/24/2017 12:54:44 PM

Saturday, June 24, 2017 12:54:44 PM

Post# of 1954
It's all good buddy, we've all been at that point from time to time. It is extremely stressful to have a large position and to have slow progress. Don't let it discourage you from posting, a board full of only positives all the time does none of us any good. I definitely appreciate your posts. I have dealt with stock scenarios like these for the past 5-10 years, they still stress me, but less over time, and much less when they fit with the patterns I have seen before. If I make more than 15-20% on a stock, i sell 20-30% of that position and I buy one or two new things, or hold the money for a bit if I can't find anything worthwhile. When stuff like this hits, which unfortunately always happens, it allows me to sell something I bought that's even, up, or not down a lot, and to add some more back. Kind of a tiered buying and selling approach. The market is insanely manipulated. Someone has a good reason for this to be low, and will profit significantly in a few months for every person they can convince to sell at these contrived prices. The trading pattern on the day or two we slumped says it all, followed by the minimal volume at these levels that have followed. They are struggling to shake shares loose, understandably, so I don't think we will stay here too long. Then again, sometimes when this common strategy fails, they try to sink the price lower to get people to really panic. Others that haven't been through the FDA game once or twice before will sell at predictable intervals before trial results at large losses, when these manipulation tricks happen. The old buffet quote 'be greedy when others are overly fearful, and fearful when others are overly greedy' has really done the most for me in this big psychological investing game. It can be really difficult to find the bottom when this stuff happens, and maybe we haven't seen it, so I just make it a point to pick up more when things dip, if I'm able, and to try to keep doing that if it keeps moving down, assuming my original premises have not changed. I always lose when I chase on the way up. VKTX is by far my largest position at this point, I understand 100% where you are coming from. I assure you that this is not a day trade for me, and that it's not a side bet in my portfolio. We shall share the same fate in a few short months. I'm lucky enough to have my day job keeping me way too busy at the moment, which makes this easier for me to reason. I try to do most of my research during even times and up times, to try to convince myself to sell. The more I dig when things get tough, the more I worry. Have a nice weekend, and again your posts are always welcome and appreciated
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