No FBU or CVT bounce for OCA, even RYM well off its lows, whats going on
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No FBU or CVT bounce for OCA, even RYM well off its lows, whats going on
Nothings going on…pretty much traded tightly all week between 0.61 and 0.57…spent most it’s time around 0.59.
Even bulls frustrated as he worked out he could get a better return leaving his money in the bank this week than trading OCA…but he tried really hard to spook the horses.
Order your popcorn and come back next week…lots going on
Monday. SUM report
Wedneday : OCR review
Thursdaty : Index rebalance
Friday: cold beersies today
I have no idea what OCA share price will do…but you probably won’t get rich or poor
Yes of course you would think that.
And perhaps you are right, as you have said Buffett ignores the macro.
OCA or the RV sector is a prime example why you shouldn't ignore the macro. It was obvious what was going to happen to the property market once interest rates were on the rise.
Hey, but close your eyes and hope. 😅
A refresher on what Warren Buffett's philosophy & rules of investing :
https://www.investopedia.com/financi...-lives-by.aspx
Rule 1: Never Lose Money
This might seem like a no-brainer because what investor sets out with the intention of losing their hard-earned cash? But, in fact, events can transpire that can cause an investor to forget this rule. Buffett thereby swears by Rule 2.
Rule 2: Never Forget Rule No. 1
Buffett personally lost about $25 billion in the financial crisis of 2008 and his company, Berkshire Hathaway, lost its revered AAA rating.12 So how can he tell us to never lose money?
He's referring to the mindset of a sensible investor: Don't be frivolous. Don't gamble. Don't go into an investment with a cavalier attitude that it's OK to lose. Be informed. Do your homework.
Etc
Etc