Friday, January 29, 2021 11:01:27 AM
1) Run to new high on speculation and positive sentiment. Everyone clamoring "news imminent!!!" or "train leaving the station!!!" across the web.
2) They're wrong. Company is silent / takes longer than the short-term expectation to deliver their news.
3) Positivity and hype turns to doubt and fear.
4) Weak hands and short-term traders panic. Stock declines.
5) Retail doesn't want to pick up a declining stock after it failed to deliver news. Buying pressure evaporates.
6) Further doubt sets in that there is any news to share.
7) Selling continues daily until a major technical level is reached (See: Dec 22) or news hits (See: Jan 19).
8) News eventually delivered or price action rebounds. Investors' confidence reaffirmed. Buying resumes.
9) Stock makes a new high. Everything is rainbows and kittens, people call for "to the moon!!!" across the web.
10) Rinse, repeat!
My advice - Just chill. Go do something else for a while. Go outside. There's little to be gained from watching a multi-day selloff by the minute unless you're actively buying dips. News will come at some point. Unless there is a material change in the narrative, the DD remains the same as it was at the recent high.
We've been through this process several times already in just a few months. This one just feels a bit harsh because we reached the always-elusive $0.25 mark recently and because we don't have filings coming in to "fill the void" in the meantime.
Recent ENZC News
- Small Cap Recipient of Military Drone Technology • InvestorsHub NewsWire • 11/20/2023 01:14:45 PM
Freedom Holdings Corporate Update; Announces Management Has Signed Letter of Intent • FHLD • Jul 3, 2024 9:00 AM
EWRC's 21 Moves Gaming Studios Moves to SONY Pictures Studios and Green Lights Development of a Third Upcoming Game • EWRC • Jul 2, 2024 8:00 AM
BNCM and DELEX Healthcare Group Announce Strategic Merger to Drive Expansion and Growth • BNCM • Jul 2, 2024 7:19 AM
NUBURU Announces Upcoming TV Interview Featuring CEO Brian Knaley on Fox Business, Bloomberg TV, and Newsmax TV as Sponsored Programming • BURU • Jul 1, 2024 1:57 PM
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM