If I didn’t already have a large position much lower basis than this current price, I’d be buying in. But amongst my many rules for investing long, never dollar cost average up. For those just getting in I would consider these prices a gift, but plan long and don’t expect it to be a week or even a month.
Metal Bug
Posts (91)
Over a 100M shares traded today...crazy.
Look at today this way...over 93M share bought today. Price went down because some Had unrealistic expectations and emotionally sold. However 93M shares were bought by non emotional people waiting to scoop them up. Down 11% on 93M shares which is over 12x normal volume is not bad.
If your timeline on any stock is days your level of due diligence better go up. If the stock does something different than you hope or were told then shame on you and nobody else.
Hopefully these weak emotional “investors” will walk away licking their wounds and never return.
Yep, all those short term investors who thought they had a no lose 1000% gain opportunity exiting quickly when they realized their expectations were unrealistic and their stop losses kick in. Even those “smart enough” to set lower stop loss limits now getting kicked in because of the rolling effect. Eventually this all balances out.
Too many short term minded investors here and at NAK. They come in quickly and they exit quickly.
Perhaps some people can’t do math. Last earning presentation was 5/20/20. Adding three months to that as an estimate is 8/20/20...not in July. ?
Robin Hood traders taking their $10-$20 to go buy pizza.
It’s one thing to push a car when it’s in neutral and the engine isn’t running. That’s what these MM have been doing to NAK for a while. But now it’s in gear and the engine is revved. Their morning sale manipulation isn’t working anymore.