I know a lot of people screaming their head off on this one..i am not bothered.
In fact I see the drop now as a second chance.
My first purchase of this beauty was $8 worth of $Tel done on a whim... and it stayed 48 days consolidating during a bull run.. Was frustrated and wanted to sell off, move on because every other Alt was doing great., but on a second thought...I started researching on the fundamentals. By the time I was convinced on how precious this asset was, it was doing almost 1000% after 48 days straight in consolidation.
Look at the Vol that traded it few months back and look at then the Vol trading it now... What does that tell you?
In fact I see the drop now as a second chance.
My first purchase of this beauty was $8 worth of $Tel done on a whim... and it stayed 48 days consolidating during a bull run.. Was frustrated and wanted to sell off, move on because every other Alt was doing great., but on a second thought...I started researching on the fundamentals. By the time I was convinced on how precious this asset was, it was doing almost 1000% after 48 days straight in consolidation.
Look at the Vol that traded it few months back and look at then the Vol trading it now... What does that tell you?
