Thursday, March 04, 2021 7:51:40 PM
Market selloffs are brutal, and usually come when one least expects it or is positioned for it. Luckily, i work my behind off and have discretionary funds to disperse at moments like these. I realize not everyone does, but keep in mind I’m good with not buying another share either, but $1.70s is just too cheap (but doesn’t mean it cannot get cheaper short term, as I’ll take another scoop tomorrow if we see $1.50s). Almost all stocks suffer, especially the high beta stocks. Hell, Trxc got smoked the last few days and they just announced great FDA approval news. Even tesla is down 30% from its highs...
No one knows what the next minute, hour, day etc will bring, but what I can say, is I believe we are extremely undervalued here at $1.80. Currently, the markets are getting slammed even more AHs. Could be ugly again tomorrow, or maybe buyers step in mañana. Remember last March’s selloff? Took us to $.12 which would have been the scoop of a lifetime, as 12 months later we were up almost 2800% from $.12 to $3.47!! I was fortunate to buy quite a few shares in the .20s, and btw- notice the volume wasn’t huge during those selloffs either... Just is what it is at the moment, this too shall pass, and boom! $3+ again and more!
We will rebound, and it will likely be fast and furious, many will wish they added here, just like when we were below $1. Could be more pain before the gains, but I’m very excited for what’s to come, just around the corner.
Giddy up!
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