$Red Cat Holdings (RCAT.US)$every one of these stock charts on a daily basis looks virtually identical. they all started rallying last November they peaked either end of December early January and they have pretty much eliminated that entire bubble. most have consolidated at or near the 250 day moving average. you can pull up virtually any technology company any small cap in an industry that was in play and all of the charts look the same
10baggerbamm
OPJFL
:
this is where you have a decision to make.. you either buy more to bring your cost bases down or you're going to be in it for a very long time for to recover best case scenario.. of course it may not recover. I think the drone industry is going to have a banner year I think there's a tremendous amount of demand for counter drone technology for offensive drones whether it's surveillance whether it's for attack purposes. so I think this industry is a whole has a very bright future..
Ginvest
:
on 1/22, you made comment said this stock has potential to go under 2, so i sold it at around 7.6. i will buy it back at 2. thanks for the advice then
10baggerbamm
OPGinvest
:
we may have put in a bottom and if that's the case the two is not going to happen unless there's a material problem with this company there's a setback or they lose a contract or there's accounting issues. you have to look at my statements relative to the time they are made. you can't look at them in a very fast dynamic Market which is what we are in weeks or months later and expect what happens in the future to be 100% correlated to the statement at that time. so it's possible that this company and all the other drone companies that rallied up and have since come down they've wiped out that bubble and they're at or near a bottom. we could have a 4 or 500-point down NASDAQ day very easily as we've had in the past and then everything sinks 5 to 7%. no absolutes in the market I'm just a person I don't have a crystal ball as I've said mine's in the repair shop they keep telling me it's going to be done any day now but all I'm doing is looking at the information the historical trends I have my own beliefs in terms of what's going on in the market and I add my own flavor if you will to that.. that's where I come up with my price targets my entry points my exit points.. it's not an exact science so if you can get close that's a win. in other words you did good by selling it at 7:00 because it's down $2 but if you like the company you're able to buy 40% more now that it's falling with the same amount of money and build a larger position if you choose to do so
10baggerbamm
:
Friday was horrible when there are days like Friday and then call it deep seek Monday and then the Japanese currency unwinding last August unless you are in an inverse type ETF you're going down and if you're in a high beta stock and most small cap growth companies trade in a multiple to the market's movement so they could have a 1.5 or 2x beta you're going to get hit. most charts Friday broke support they went right through 20 day they went through 250 today and ordinarily you would look at that and say it's a catastrophe because once it breaks a trend line the next leg is lower. however history has taught us that panicking and selling into these Market micro crashes let's call them that... is the wrong thing to do because typically you get a bounce the following day or series of days most of the time it does not make up for the full amount of the loss and that's what the market also teaches this is that stocks take a stairwell up and they take the elevator down so the one day of damage can wipe out 3 weeks worth of gains or month worth of gains... and it could take another month to 2 months to recover in some instances. so this is why you need to be able to take advantage of opportunities and either diversified other companies on a wish list that you want to own but if they were cheaper you'd buy them well Friday gave you the chance and or dollar cost averaging into smaller cap stocks because they tend to be more volatile so you always want to keep some cash on the sidelines so that you can average down so that's the lesson of the day and by the way I got my ass handed to me like everybody else on Friday the only stock that I had trending up was well there was two I had an inverse oil ETF and I have drone shield everything else got hit
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JFL : im at top of the mountain
10baggerbamm OP JFL : this is where you have a decision to make..
you either buy more to bring your cost bases down or you're going to be in it for a very long time for to recover best case scenario.. of course it may not recover.
I think the drone industry is going to have a banner year I think there's a tremendous amount of demand for counter drone technology for offensive drones whether it's surveillance whether it's for attack purposes. so I think this industry is a whole has a very bright future..
Ginvest : on 1/22, you made comment said this stock has potential to go under 2, so i sold it at around 7.6. i will buy it back at 2. thanks for the advice then
10baggerbamm OP Ginvest : we may have put in a bottom and if that's the case the two is not going to happen unless there's a material problem with this company there's a setback or they lose a contract or there's accounting issues. you have to look at my statements relative to the time they are made. you can't look at them in a very fast dynamic Market which is what we are in weeks or months later and expect what happens in the future to be 100% correlated to the statement at that time.
so it's possible that this company and all the other drone companies that rallied up and have since come down they've wiped out that bubble and they're at or near a bottom.
we could have a 4 or 500-point down NASDAQ day very easily as we've had in the past and then everything sinks 5 to 7%.
no absolutes in the market I'm just a person I don't have a crystal ball as I've said mine's in the repair shop they keep telling me it's going to be done any day now but all I'm doing is looking at the information the historical trends I have my own beliefs in terms of what's going on in the market and I add my own flavor if you will to that.. that's where I come up with my price targets my entry points my exit points.. it's not an exact science so if you can get close that's a win.
in other words you did good by selling it at 7:00 because it's down $2 but if you like the company you're able to buy 40% more now that it's falling with the same amount of money and build a larger position if you choose to do so
ASteffie 10baggerbamm OP :
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