Oh ... good heavens.
"Which means that even a stock that has " done absolutely nothing in 4 years - nothing!" can provide profit."
No ... I disagree. That just means that there was an artificial inflation of the SP of some kind which had nothing to do with the company per se ot its underlying value. Trading profit may have absolutely nothing to do with the commercial activity of the company.
Most here are sprucing themselves up as long term holders with the concomitant belief in the company fundamentals - I find that absurd given the fragile state of the finances.
If others are here for a quick trade and couldn't give a rats about the company or, its longer tern future, then that's a different matter entirely. I am not averse to scooping up cheap shares from those who can no longer afford to hold for example. I told people yesterday I am not here to save anyone. I will gladly trade TV2 shares for a 20 - 50% profit in a P&D cycle. That's the essence of trading - surely.
However, when you hear all of the ridiculous "2019 is going to be a good year" nonsense, as though there is some fundamental reason for believing so, when all of the data points in the opposite direction, then that is something very different to trading in my view. Who cares what they do in 2019? Not me!
I am only interested in a ST trade - that's it! Happy to take them off those who sell because of whatever reason (e.g. can no longer afford to hold) and sell them (when the next news P&D cycle starts) to those who think this will be a profitable media company.
And everyone gets bent out of shape.
The market rewards the astute not the sentimental - I think.
