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Thursday, 02/08/2024 12:18:53 PM

Thursday, February 08, 2024 12:18:53 PM

Post# of 704161
We're all frustrated with this one day forward 2 steps back and lose sight of perspective focusing on the intra day and daily swings. But these swings form a picture of a beautiful tapestry and we're just looking at the back of it. Peter Lynch said in is book One Up On Wall Street that his multi-baggers often displayed 10 year basing. And therein lies the frustration, retailers want to make a quick and big bucks, so who has time to sit and watch the kettle boil for 10 years. Some are lucky with timing and those long timers like me live with conviction and try not to be flustered knowing the end game will pay off, maybe not to the extent we first envisaged but may be worth it after all. To each his own.

Anatomy of a run 2020: 14 cents to 2.50: Notice the rally got knocked down to ground zero immediately and held there for months (suppression) while accumulation was going on. Then we had another run and another 3 months of going nowhere interspersed with dips to shake out weak hands while accumulation was on going. Then the run began in earnest.


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