I'm long term holder,since 2009 with close to 100 thousand shares.I owned VG shares before but got out due to different factors.
Being long term participant of stock market speculation i have found out that it is real easy to slip and distance yourself from neutral line ot thinking of your favorite stock.Then suddenly you are in one of three camps of loosers: -1 permabull
3 nervous nellie
When you make declaration of your perception/feeling/ about your stock Mr.Market takes advantage of you.
Whether VG is overvalued,undervalued,fairly valued,priced for perfection etc.is non of your business.
The only reason why i still hold shares is because at the bottom of my neutral attitude i felt i had no reason to sell VG.
Good luck to you and pay attention to what you hear on this mb but don't take it seriously.
As contrarian i'm thinking stop loss mechanical orders accumulated for such long time are being "harvested" but contrarians are people only so i'm wondering is this sudden pps fall news release influenced and why?
Or maybe beginning of the end of suffering for long term holders.I'm willing to experiment starting with small accumulation.
Shadow could be finally right after decade of stubborn optimism.
Good post.Remember 200dma is the support/resistance level where most sideline money flows in.
I would't mind add few more shares but i'm not in rush projecting broad market significant correction/up to 20%/ with DOW at 20 000.
Reserve right to be also wrong.
Jake! even you the sceptic of the board is not immune to get outside denial state of mind?
Number one rule is stock speculation is "NEVER SAY NEVER".
What boegus is implying is that under certain market conditions VG could test $2.This is exactly what i said earlier about VG at $1.6.
Those who do allow themselves to have flexible of point of view sooner or later pay the price because their struggle to get totally out of denial state of mind takes too long.
Even though VG never got close to $1.6 i'm still here so who is laughing?
Only uneDUCATI one.
You keep coming back to politicians.I'm wondering what is it that you do not accept in politicians since they wouldn't be politicians without your active participation.Or maybe you don't care to vote then it is evidence that you approve politicians we have.
Stock speculation has lot more to do with gambling than politics. Sure you can "commit" yourself just like casino "speculator" and maybe this exactly what's behind 95% of all stock "investors" who can never figure out why they can't quit their full time jobs or retire.
If you looking for someone with crystall ball i'm not one of them.You can call me politician or blue colar philosopher but even i have to take plunge once in a
while and in order to lower risk of gamble i would never declare or suggest to buy or sell but rather accumulate or distribute.
Moving between averages just like all stocks do.It's called fluctuation,some call it manipulation,others have different explanations.
You may be right or you maybe wrong.The problem is as far as timing.Nobody with exception of the market knows what majority of investors/speculators are doing. What they are saying doesn't matter.
Smometimes technicals are in charge and sometimes fundamentals are in charge but if there are no more buyers or sellers stock price trends change and this is the only true reality in stock market universe.
VG should be trading 1/10 of LVLT share price so this is my valuation metric.
There are few people on this planet who should use their mouths exclusively for eating because when they start talking what comes out is usually is verbal eqivalent of vomit.
Feels like beginning of cyclical up turn.I'm in with 50% accumulation and looking at broad market probable correction either at DOW 20 000 or geopolitical event?
VG is unable to stay above 20 dma so most likely is going to test 50 or even 200 dma before fundamental catalyst can reverse or accelerate short term downtrend.
My explanation even though explains why naked shorting is illegal doesn't reveal why shorting in general is suppose to be responsible for share price decline.
Still waiting for common sense or at least reasonable response while trying not to embarass mb members..