Thank you for reaching out. My hope is that others here will add their insights as well.
This morning I nearly added to my RCEL positions. But I held back, being of the belief that today's surprise drop could easily be dwarfed by tomorrow's shocker.
That doesn't mean I'm expecting bad news. Also, I'm not capable of reading tea leaves. In fact, I don't even like tea. lol
So then, I toyed with adding just 50 shares of RCEL when it was moving beneath $22.65. Awhile back I said I'd be a buyer at something closer to $20/share. However, I'm not expecting we will see shares dropping that much. But they could, couldn't they? I won't pretend to know.
The last thing I'd ever want is to cause others to lose money. So I'm treading water very carefully. With that said, I'm holding my breath, waiting and watching to see not only how low shares drop but also---how swiftly they move down.
The pandemic is hurting every part of the American fabric right now. I don't see reason to expect this to change any time soon. That has me viewing the present stock market as an over-filled balloon just waiting to be pricked by more pins of disappointment.
When I sense it's time to be adding shares, I will make such moves known on this board simultaneously. I will probably be adding in 50 share increments, keeping the adds smaller than my usual.
Key to managing my investing right now is "momentum." I'm a big believer in recognizing and respecting the impact of momentum on the human personality. Lacking something newsworthy encouraging us to believe tomorrow will be a better day---I think I nee3d to be very careful, in recognition of there being opportunity for the market to exert still further downward pressure.
I'm not as optimistic as is my usual nature because I'm not seeing encouraging signs indicating there's soon to be a way out of this terrible gloom and doom period in which we live.
I've been advising friends and followers to sit tight for the moment. We invest to make money. We also invest to secure a place in the future. Adding to RECL now could be counter-productive---after all, what is happening to lead us to expect a reprieve from the current dilemma?
I'm not seeing people making much money right now. As for securing shares for the future? The time to do that is when the prices look like a lock for the future. I don't know what that will look like and I don't want to become a patsy for my own optimism.
So I'm holding back for now.
I do hope this helps you. And I sincerely thank you for asking.
