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12/11/16
18:20
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Originally posted by eshmun
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Who is panicking? I just don't think you can be taken seriously talking about an individual company like NST on an investment forum when your attitude goes from buy to sell in the space of a week, and frankly even if we are to believe you and you were buying on 29th and read the tea leaves to perfection and managed to sell before the 5th then there was a significant opportunity after that which you missed and even your tea leaf reading skills couldn't have anticipated the Chump victory and the wild swing up and then down in the gold price that happened on his election win (and subsequent I'll make America great again speech).
You basically had the same bias as most other people thinking a Chump win would be good for gold. This is what you wrote on the 5/10
"What we know since last Friday was the new email revelations through FBI new probing. These are giving new life to an other wise bearish looking sentiment . These event driven circumstances will make chart technicals much less reliable with random volatile trading as the election results come to light. May do well if unexpected results filter through . It will be an interesting week ahead. Good luck to the bulls."
What's more since gold's reversal in Dec 2015 you have tempered all your usual Skol like diatribes on the gold forum against the people you belittle and label gold bugs with comments like "you've got to respect the trend". Those comments are designed so you can have a bet each way. Betting each way is usually a sure way to minimise your investment returns.
If you think the trend is broken and you don't own any gold stocks maybe you can go and spend most of your time commenting on stocks in another sector where you believe there is more opportunity. If you don't believe the trend is broken then you're admitting that you're playing the long game just like some of us. I personally wouldn't be long some of these gold companies if I thought the trend was broken and the falls from 2012 were going to continue. Trading the dips on an upward trend is more or less the same as holding that trend. Just an argument then about which method gives the better after tax returns over the long run.
You don't seem to know were you stand at any one time. If you are contemplating buying back into NST you must believe the trend reversal from Dec 2015 is unbroken, so you are basically in the long camp with me, because only a fool would try and trade the continuation of the down trend from 2012.
Are you willing to tell us now what you believe.
Is the up trend from Dec 2015 broken? Or in other words are you truly a short or a closet long like you seem to be.
Simple answer will do. I've heard everything else you've got to say. Is the reversal broken or not?
Eshmun
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If you are looking for a bun fight come over to the gold forum. I don't want to infect this thread with a squabble just because you are looking for a back slapper to your bias. Waiting there for you......
How long did it take you to debate some of the long term holders here in 2014 if I recall before you were convinced it was a multi bagger? I remember your argument with @Ophir on the comparison with TBR.