Have a great long weekend, guys. I've had my share of success in the stock market over the last 20 years and have been fortunate enough to learn a few things. One of those lessons has been that human nature is predictable. People are bandwagon jumpers. When a stock struggles, people get nervous and cranky. Many will come out of the woodwork to talk about how it's a terrible pile of stinking garbage. When a stock is charging up, the masses flock in and really feel it's an unstoppable investment forever. These are predictable behaviors.
I've seen something else over and over throughout the years...
The people who can select good investments when a stock is heading up tend to do pretty well...but people who are able to spot good investments when the masses are throwing it away...well they often get wealthy. You don't have to look very far to see how that works. At the beginning of 2016, no trend expert was pointing to any signs of life with MXSG. The posts were angry, depressed, and most were doomsday-level gloom.
A few people saw past the noise.
The lesson: Learn to ignore noise. But stay open enough to listen when something is worth hearing. You will reap rewards.
Some people think street smart = trusting nobody. They're wrong. It's about learning how to make smart bets on people.
I've never called a bottom here because the game-playing hasn't ended yet. But it will. And I'm not worried about it at all. It doesn't take much to move a stock like this. There are times to break "safe" rules and put a big stack in the middle of the table. This is one of those times. I will continue to load up and add to my significant position here. What's happening with MXSG now isn't what will be happening later. This is a ten-bagger at current prices. Have a great long weekend, guys.
