@rodrigoaan@crisronalssi There is resistance around $50 so it could trade sideways there for a bit but with all the previous selling I don't think there will be much selling pressure on the way up.
By year end I can see us in the $64-$68 range.
@bobspaysubstack@remington00 Would prefer buybacks sub $40 or paying down debt. Improving the balance sheet would improve the price discovery on the stock.
The drop in nitrogen fertilizer prices has now extended into Asia. India has received offers for its latest urea tender at an average price of $530 per tonne, down ~44% from $947 per tonne in April.
$FOUR #Shift4@Shift4 bounces off the August 2, 2022 opening price during the NBA Finals with the World Cup right around the corner.
If shorts want to push it to $29 I'm prepared to go all-in.
YOUR BRAIN HAS BEEN WIRED FOR 6 MILLION YEARS TO SEEK CERTAINTY
Trading requires the exact opposite.
This is what separates competent traders from everyone else:
"The brain is biased to seek certainty. It wants to be right. It's survival value that's been built into our system for 6 million years. Ultimately what you have to do is retrain the brain so that it's more probability based. You have a mindset that manages uncertainty to be able to build probability rather than to look for certainty. Completely different animals."
Trading psychologist Rande Howell on why intelligence alone is not enough.
The market does not reward people who need to be right. It rewards people who can manage uncertainty and let probability play out across many trades.
@tembelvitesi The higher those tickers go the less upside and the more risk there is.
The lower $FOUR goes, the less downside, less risk, and more upside potential.
@michaeljburry Burry it's best to pile on when panic starts, why are you shorting while everyone is still super optimistic and earnings keep increasing?