"Don't you say Mr Market is always right?"
That is exactly what i believe and say.Even when you can't understand market's logic Mr.Market is always right.On the other hand we speculate unit hell freezes over about market's motives and some of us will be proven correct some of he time, others will be right other times.
VG shorts and longs are part of the same collective wisdom of all participants and non of them is always right but the market as a whole is. Contradictions are built into stock market in order for you to gamble,but if you assume that market is always right then you get your free will back, working for you .You are no longer slave of contradictions created by the market.
Based on recent example of year to date VG share price performance relative to competition,broad market and earnings report, assuming Mr.market is right ,who is more likely to be correct where pps is going to be in next couple of months: bulls/longs/ or bears/shorts/?
Unlike other ur stocks this one has been making all time lows daily. I'm curious why.Is it a function of beta coef. relatively high number of weak hands,power of manipulation or fundamental factors?.
Reminds me of end of Feb.2009 when "great recession" was supposed to turn into first twenty first century great depression.
And unlike most other u stocks there is no visible potential support area in the past history so from technical perspective it feels like there is no bottom.
I'm not in oil.My strategy is to have two stocks in opposite long term trends. Primary reason why i'm in UUUU is Soros.My other stock is VG so i take advantage of share price differential at times.
Peace and patience by with you.
"Nuc Power is clean and cheap"
But irrelevant at this time Oil's still the king. At least for a while.Few years back i did not think it would go much below $100 per barrel. Supply/demand free market economy is so highly unpredictable and yet we never accept it with our investing decisions.
As far as climate change i'm with you.I do not believe everybody dies but it is a function of speed of progress in collective spiritual awakening. Takes lot of suffering to make small dent in global conscience.
Seems like my ignored favorite permabulls are getting nervous.I'm wondering when the mother of all permabulls, Mr.Dgroves looses his cool and collect and can't take it anymore.
Short squeeze coming,watch out.
Oversold doesn't mean anything. You could make the same statement years ago. Currently reverse head and shoulder formation is breaking down. Be prepared for more pain.Specialty of bottom feeders and contrarians.
There is still too way too much optimism on the board.
Dgroves declares short selling not working anymore.Lets wait few more weeks to find out.With broad market finishing this year between flat and 10% in my ho do you really think VG deserves share price appreciation more than 30-40% higher than S@P500 for the year?
Try to convince shorts that they got this wrong but be prepared for the battle.
"Shorts would make more covering and buying"
Then why do permabulls hate shorts?
You have created another paradox for yourself and others.
I my ho opinion CCJ if it held current technical formation it would rally,ending up on slightly negative side of share price appreciation for this year. I can't see boeond next month or two but sooner or later commodity sector has to start recovering assuming Chinese market is out of secular bear.Unfortunately this we will not know for next 3-6 months.
Based on this statement you can understand the difference between anticipation and expectation as well as individual view of reality.I assume and unconditionally believe that market is always smarter than any participant,Mr.Dgroves believes that he knows better and expects Mr.Market to surrender to his view of reality.
Eventually truth will come out.
Nobody follows his common sense driven posts on this board anymore?
Is he adapting new strategy to accumulate followers?
What a shame.
Based on relative pps performance and high visibility of permabulls i do not anticipate share price moving above current level sigificantly this year.
We all have to agree that this is not typical long term cyclical bear.All those sitting on the fence hoping for gradual rebound of share price are being tested by the market.
Stock market is nothing more or less than collective wisdom of all participants and as such it is much smarter than the smartest individual investor or speculator so we need to understand that at the end of long down trend market primary focuses on getting the last stubborn holder confused and give up hope.
I call it irrational stage where even positive news is ignored or has negative influence on pps.
The good news is this:inflection point of share price is contained in the past trend.The bad news:nobody in the world knows for sure what is that point and when.
I'm affraid not even market knows it at this point but speculating about future is one of humans favorite excersise.
We all including me never stop learning value of third dimention of our reality called patience. For many life time is not long enough,though.