Friday, July 20, 2018 12:07:12 AM
See the difference between being on the sidelines and being so far down the rabbit hole is that when you are on the sidelines you can easily view something like that with a keen and objective eye and ear. I don’t hear what I want to hear, I simply hear the words for what they are. I don’t feel the need and desire to form the words into something they aren’t so that I can sleep at night because I have either held on too long and wiped away so many profits by not selling in the mid to upper 2’s like I should have or even worse bought at $2 + and have been holding that heavy bag for way too long.
The CEO’s goal right now IMO is to kick the can down the road with his slick talk (and don’t think for a second I don’t think he’s slick). Oh quite the contrary, he is a smooth talker and I can see how a less experienced investor or trader would fall prey to his schtick. But regardless, it was so easy to discern the intent of that video was to try and appeal to whatever emotional sensibilities were left by giving the mice just enough of a nibble on the cheese to see if it worked.
From the look and sound of it, that approach may have worked for a small population of investors who so desperately want to believe. Or maybe need to believe because they have nothing else left because they continue to hold that way too heavy bag. But IMO there was absolutely nothing in that message of any substance and my honest experienced guess is that it will have a negative effect on the stock price in the days and weeks to come culminating to a really large sell off when 2Q revs are announced and they are paltry at best. Capitulation day is coming IMO.
I hope it works out for you but like I have told you before, I find it best to stay on the sidelines with my money fully protected. I can always jump on the train on the way up should it ever leave the station. That has yet to happen and I see nothing in the short term to say otherwise.
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