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Friday, December 29, 2017 9:11:23 AM
I parted with a fraction of shares just to keep my money safe, but am still holding the bulk of position.
It seems very obvious that this is undervalued, but we do lack buying pressure here to reaffirm the uptrend we were previously experiencing. Simply put, government intervention and lawsuits are great ways to scare away new money, and shorts always see the negativity as something to take advantage of. I’ve seen some great tickers lose a tremendous amount of value just from that 1-2 combination punch.
That’s part of why I continue holding. The hits keep coming, but we’re not seeing the massive losses I’d expect. While it’s boring, hanging out between mid 2’s and 3’s isn’t the end of the world. It still puts us in a good position to recover, but if we take a wrong turn and start heading to 1’s or subpenny then obviously it’s on to cutting losses and making money elsewhere.
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