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igotthemojo

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igotthemojo

Re: Studer post# 57360

Monday, 07/22/2024 3:00:09 PM

Monday, July 22, 2024 3:00:09 PM

Post# of 58260
"We would like to add another 20,000 shares, before it turns around, going into 2025"

how about waiting until its done dropping and waiting until it DOES turn around?...wait for this 4 yr long downtrend to turn postive?..

look at a 4 year chart...there were some nice ups and downs in the first 2 years that were good for traders, but the trend was down....the last 2 years were pretty much just down, with the last year virtually nothing but down...

you were probably trying to catch a bottom when you bought 30k shares under $4...now you want to try to catch the bottom with 20k more shares...

a bottom is generally very elusive whereas a turnaround is often times, fairly obvious...

as i have said many times...its best to exercise patience BEFORE you buy...not after...
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