wvu9494 its not " Everyone"
The people who are long here and committed to staying long are sincere and genuine...This buy/sell decisions like I covered in an earlier post are emotional decisions for us ( humans )
I sold today because of prudence and discipline and my risk tolerance...others are making their buy/sell decisions for their own reasons and understanding and goals etc
The truth is this may be an incredible long term play OR it may not because things can go right/wrong ...differ from investors expectations etc and so NOONE knows what will happen exactly
The only reason I see to sell today for people who have had it a while is taking profits and being prudent but that means we could leave a lot of money on the table.....Noone really knows
Its never "everyone is selling or everyone isnt a long term investor" ....
Its all about buy ( demand ) and sell ( supply ) and then other factors like outstanding shares, future capitalization by company, revenues, announcements and on and on
I personally hope to get back IN at lower prices and fully realize i may never get that chance
Stay blessed