Trending up during a general down trend
Quote:
Originally Posted by
Goldstein
spk, ten, pot
- Too true
I have been rather stoked with GXH (I suggest that others look into this uniquely placed, and tradable/investor possible business. Out of a non bias and genuine suggestion). Especially if you are interested in the health care sector. There has been a beautiful 50+ % this year... so, yes, there are options.
The current problem is that the elections coming and people getting cold feet, so the profit taking. Traders will be traders. Haters going to hate. I believe that this stock will follow a BGR style of expansion... dominate and duplicate. I still think that GXH is cheap for the long term. Yet, currently a lot of traders have a wet nappy (want to make short term gains) and are trading for the short term. I can't, as this would not work with my personal objective investing for the long term.
SUM is a solid business, and it is painful to watch it drop, yet I also remember how I got burned during GFC selling a similar stock to SUM. One expensive lesson, but that was due to financial circumstances and I needed cash, not the potential for more cash later. If I held... I would be sitting very pretty right now. Valuable lessons are not cheap and don't happen over night. Just like SUM won't be an over night $5 share, IMO this will happen in the future, it's only a matter of when, not how.
Sit patient to sit pretty. Good luck everyone