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20/11/17
18:00
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Originally posted by AdventureLife
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I first had a crack at shares two years ago and bought a bunch of GXY at 0.092. It started going down, I freaked, and sold at 0.085. I didn't look at the sharemarket again until recently. Lo and behold, that little company Galaxy was now a billion dollar company with shares now worth $4.
If only I had not freaked about a 8% drop, I could have been sitting on 4300% profit, instead of a loss. That profit would have set me up for life.
I recently re-bought at $3.76. Let me tell you it hurts re-buying the same thing for 41 times the price. Now though, as others have said, I'm buying for the company, not the price or the chart. Do I think the price will be worth more in two years than it is now? Absolutely. Do I care if the price goes down? Well yes I do because I'm an anxious person and I can't help it, but the reality is a few percent drop is nothing when the potential is a 40x profit.
DYOR, but put your focus on the company, not the charts. Who knows - maybe people are selling as they need money for a christmas holiday that they booked for their family?
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To clarify my above post, I'm not trying to be upping GXY - this was to highlight what a mistake it can be to sell. I don't want you to make the mistake I did. N27 looks like it can have massive potential. Hold it.