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JustAguy22

04/19/20 11:42 AM

#69662 RE: Saltz #69655

I for one am doing both. My main postion was built with an average share price below 50 cents. I'm not selling any of that.

I've been buying every time we dip, and I sell on the upswing. Might as well take advantage of the panic sellers and take some money from the shorts.
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Blueheel1

04/19/20 1:27 PM

#69682 RE: Saltz #69655

Good post Saltz.

The reality is, no company has a SP that goes straight up in an unbroken fashion. If you go back and look at the charts for AAPL, AMZN, etc (any great company), there are massive pullbacks all along the way - sometimes 25 or 50% - and often on no news at all.

Looking at short term SP moves and trying to assign some reason for the sell off is a “tempest in a teapot” exercise. The bigger picture is so incredibly promising.

And I actually hold no ill will toward traders, shorts, etc - that’s their business - although I am anxious to get on a real exchange where the rules are better enforced.

But regardless of the noise, I’m holding this with a 3-5 year horizon from here. Maybe I peel some of my original basis off between 5 and 10, and let the rest ride.