Every time the price moves down, all the why this and why that questions start as usual. What sort of investors have to constantly ask why a stock is going down? The fundamentals haven't changed, and there's no bad news, so that leaves, normal buying and selling, like all stocks do. Why you bought your shares, what was your reason? When you sold you shares what was your reason? Lots of other people have reasons to sell just because they might need the money for something, like an emergency or a new car. Who knows?! The world just keeps going round and round, and the majority of transactions are in the sell mode at the moment, but as soon as everybody who thinks it's time to sell get over it, all the people who want to buy will take over. That's why. What stock has anyone seen that just goes up all the time? If not, then ask why not? That's just as good a question as yours? The major trend is up. The intermediate trend is up too. The short term trend is down. Pretty soon it'll be up again, and the long term trend will still be up. Forget about the short term, or you'll be in the loony bin if you don't understand it. If you need reasons for things, turn on CNBC. Then do the exact opposite from what they say, and you'll get rich. Now take two aspirin, get some rest, stop watching the price of CCJ, and come back in a few years to see if it's time to pick up your huge profits. Have a nice day. :)
Wonderful post for long and hold, I printed it just to remind myself not to get caught up in the nonsense of always thinking the world is coming to an end when stocks pull back. See you next year. Thank You
Thank you for the very nice post. I am very positive on the future of CCJ, and feel very optimistic that we'll all be wealthier by next year. I also think the price is going to go far beyond next years' highs too!