Well Exactly a week later, I hope a few of you if not internalized, at least considered some of the things I have pointed out. This is by no means a post to say "I guessed right." Such postings are meaningless...Now if I were an expert or fortune teller, I would probably have flipped and bought back in at a buck (nice round number to start the next run from ). But alas, I'm not an expert--at least not with the market...I'm a researcher before I'm a predictor, and I'm an investor before being a day trader...After all, while I won't mentioned numbers--a loss is a loss--and my portfolio has dropped considerably with regards to CEMJQ this past week...My mid to large cap investments/dividends have hedged them a bit, but I can definitely relate to the frustration or dissappointment of dropping 30-40% in a week.
I'll toss out the same phrase I used previously: "A rocky road is ahead." I stil adamantly believe this, at least in the short term. My only advice, or rather opinion on the matter is to do what your gut tells you...The longer time goes by without any major date to look forward to (as in Nov 4th before), the greater chance of seeing more slow days IMO...This, though I was metaphorically slammed for saying it, creates risk; uneasiness; nervousness; and finally panic. The other side of the coin is just as dramatic: (Here's an example:...An equity committe gets approved tomorrow and a major asset sale is presented to the court for approval.
If there's one thing that can never be measured by charts, press releases, fundamentals, or many other tools of investing, it is human behavior and the incredible psychology involved with each individual investor...The speculation, hopes, external voices, shadows on a wall, Absinthe in a glass, herd mentality towards the bathroom; shouts of fire, and get rich quick. Quite astonishing, really, and what's more astonishing is how many people invest through an emotional medium rather than an intellectual one. Fear caused pretty much every single bank to plummit last winter--some were warranted--many were exaggerated. A 300% return on BofA when they were $4 dollars a share because of the panic sellers and political/accounting confusion.
Yes, a bit of a long-winded explication, I'm a writer and have a bad habbit of rambling at times...Point being, If you're overwrought with anxiety about your investment and you're about to push the sell button before another 10% slips away...Shut off the screen or watch another stock. I followed the earnings news of the Large Caps today when it looked like CEMJQ would have another consolidating/pullback/rocky ride.
Anyway, because of the perpetual pscyological unknown that surrounds the pink stocks, or "Q" ones like this (shrouded in court docs) increases risk, even if the risk isn't warranted.
I already see responses of a typical pullback like xyz date...Or normal selling after a big run...Consolidation etc etc. All of these are likely true to some extent. But all the possible means, in this case, don't justify the ends: which for me has been increased volatility.
So, fellow shareholders, we rest at a buck...Every investor has their own goals and limits...For me, it's trigger pulling time--for buying--and by that I mean I love this retrace because once PPS settles a bit, funds and those who have ridden all the Post-Bk waves, will probably jump along with me averaging up . Perhaps tomorrow, perhaps early next week...(As I said, I'm not an avid predictor, but an investor, and yes I do believe there's a difference). GLTA, and use your mind not your trigger finger when investing in any company, especially one that lends itself to higher volatility like CEMJQ...With that, Rendeveax at $1.50 :P.
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