It is not exclusively about performance but our expectations based on what we consider to be important as well as our inability to see past our selective value judgement calls.Also as time goes by you develop addictive need to be rewarded for being patient.
And just like everybody else i'm also prisoner of my emotions even though i try hard to be impartial.
Currently my instinct tells me to move significant portion of my VG over to uranium stocks but my brain fights back saying: you have held VG far too long to bail now because reward is around corner.What do i do?
I do not know at the moment but i can tell you i'm as much addicted to VG as you are.
Yet after five years of incredible optimism still outperformed by NASDAQ.
Just to make sure the other side is also known by applying "relativity theory".
There are several high volume days in recent weeks when pps went up indicating higher demand for shares.The big question is who is behind it. Swing traders taking advantage of lower risk environment/close to all time high at $5.4/ or long term accumulators.This will be answered after next earnings report.
Greece drama is reflected in our market as increased volatility,nothing more.China on the other hand has real potential to bring our market 20% down.
Common Jake don't tell me you are still dealing with this mentally handicapped,uneducated,caged parrot who's brain stopped evolving many generations ago. With his 500 shares he thinks he owns this message board.
As far as Greece Mr.Market knows it can use it a smoke screen for years to come.
I encourage you to pay attention to FXI. It has been in secular bear since Oct 2007 with clearly established top at 72 and bottom of 20.Theese ranges have trapped the index for few more years. Recent high was unsuccessful test of bear market cyclical highs of April 2008.As you can see there are plenty of sellers every time FXI is trying to follow our DOW 30 which means that this long sideway bearish trend most likely will not end until Chinese market tests Feb 2009 lows/ in order to get rid of the most stubborn permabulls/.
With exception for some real dummies like our favorite parrot rest of the world knows China along with Japan are far more important to our economy than any other country. However there is no treat from Japanese stock market.
What i meant was the end of long term/secular/ bear trend of uranium stock prices.I have been in and out attempting to time the turnaround. I know from experience that fundamental and technical so called inflection points never aligned perfectly. Sometimes fundamentals other times technicals lead for several weeks/months so dollar cost averaging is arguably the lowest risk strategy.
For those who bought to hold several years ago the only strategy left at this point is to be patient or make side move over to better quality company.
"China pulls out all the stops to rescue the markets"
Reminds me how US tried to "rescue" our stock market in 2002 by dropping highly taxed dividends to the same level as long term capital gains hoping to bring investors back into the market. As a result our government was responsible for accelerating financial gap between rich and middle class while stock market kept moving along earlier establish intent to get rid of all asset class bubbles.
This is the price we have to pay for arrogance of illusion FED people have of being able to manipulate market.
Chinese market has been in secular bear since 2007 with established top and bottom range of fluctuation and
only time can rescue it but not before final test of 2009 lows.
I never considered any mobile phone company to be direct competitor with Vonage. Besides as you can see it's no longer residential driving share price. Growth anticipation factor is all about small business.
Entire sector has been in long term bear trend for 8 years and this could be the begining of the end.Usually all time lows are broken because market wants to get rid of the most stubborn holders.Consolidation within the sector is first fundamental turnaround signal followed by technical cleansing.
In my ho what we have is classical definition of broad market correction.Not Greece but China is the most likely behind it. Greece saga has been going on for five months and is not going to end anytime soon and is contributing to increased volatility however it did not prevent all indexes to reach new highs.
China is different story not only because it's economy is much more closely align but technical posture of Chinese stock market has been weak since 2007-2009 bear and trending sideways since then so in order to be able to reach all time highs it has to find final bottom to bounce off from.
Looks like this is the broad market health restoring correction we have been anticipating for couple of years.
Chinese stock market maybe on the verge of establishing second and maybe final secular bottom.It has been in downtrend since Fall 2007.If this is the case i anticipate our market to follow and create 15-20% intermediate correction and major bargain entry point for sideline money to flow in.
It is also good opportunity for permabulls to learn some humility and respect for Mr.Market.For the rest of us another delay with share price journey through time based on market's clock.
Ugly head of systemic risk is real and painfull remider of our inability to understand market's intent.
It is amazing how constant,reliable and predictable this phenomenon is. Totally unrelated to fundamental reality never ending battle between permabulls and permabears.Both sides pop up on the surface of the message board depending on share price action and proclaim victory. And then when Mr.Market proves them wrong they slowly and quietly move back to their hiding holes to take nap.The ones with the most long lasting entuziasm stay active little longer but eventually give in.The mental cases who are Mr.Market's favorite never go away untill loosing everything. The good news is that last group has the best chances for "spiritual awakening" eventually.
The bad news is that as long as they are "in charge" share price behavior is in reverse relationship to their expectations and leverage they have over the message board.
When voice of reason is gone the meassage board becomes noisy circus and this is what we experience now.
Un-e-duac-ed parrot has awakened and found his cage surrounded by little less extatic but still determined permabulls.I believe all permabulls are out of their hiding holes deep in woodwork but in few weeks the only one left singing will be the uneducated parrot- based on previous experience.
Good luck to all permas,get ready to take nap.
Moving down through support/resistance levels despite recent "good news" and desperate permabullish attempts to push pps up.Mr.Market is lol.
In case of broad market correction we will see at least 200 dma or lower tested.
I'm not done yet.
There is big difference between stupid and smart parrot.Stupid/uneducated/ one keeps repeating same words over and over again in every random situation.Smart/educated/ one repeats learned phrases in response and based on particular situation.Let me give you an example.When you say "you predicted $1.6" over and over again every time disregarding the topic of discussion than this is where you belong.
So you are definitely not human being and not even smart parrot.Most likely you are sitting in a cage constantly watching the tape and after a while you have developed mental capacity of dumb parrot.
My advise is get out of the cage and learn how to interact with human beings.I will be more than happy to show you next step if/when you make meaningful progress.
Good luck,i know you can do it.
ps.Trust me nobody believes you have so many shares because in free market economy only smart ones have a shot of becoming rich.
", I have being wright while he has being wrong "
Since i have nothing else to do at the moment let me waist few minutes and respond.
You are not just a parrot but uneducated one.Analyzing your mental sophistication and claim that you have more than 500 shares doesn't make sense.I believe in free market economy and miracles as well as law of probabilities so let me calculate adds that this is true.
You bought VG based on principle of blind chicken and with the wisdom that you have, chances of owning more than 500 shares of VG is equivalent of winning California lottery 100 times in a row and not buying a single ticket.
Do you also want to know your chances of making money?
The only response from un-e-ducated parrot with his loooooong 500 shares..For all my hard work is this what i get?
Just kidding of course.
Your patents news or this: Robert Shiller warned Wednesday.
"Measuring valuations with his cyclically adjusted price-to-earnings index-which is price divided by 10-year average earnings-the Yale University professor said, "My CAPE index ... is higher than it's been, except 1929, 2000 and 2007," ominous years for the market. "
Ps.This is the guy who predicted bear market in 2000 and warned about housing bubble in 2005.