Stamina positions

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Before going any further, I read one of such articles that is touching I must say. A legend is bowing out, not in death actually but because of old age. The oracle of Omaha; Mr Warren Buffett is retiring at the end of this year. What a long investor's run it has been. According to reports I got, he has been the CEO of Berkshire Hathaway since 1965 and the writer was absolutely right when he said some of us were not even born by then.

Sixty in the market is one big time record for Warren and indeed he has ripped the rewards. I could remember he was one time world richest by ranking. Warren remains that big encouragement that patience does pay off in the world of investment, he has indeed helped to reshape my mentality; long term is and will always remain a good business. What is the future for Berkshire Hathaway from here? At least Warren is not yet dead, at 95 years I know they will still be seeking enquiries from him even on his retirement position.

Talking of markets, I have been watching the price movements of LEO recently after it got to new all time high. Not actually that I am being nervous but just as I expected, an inevitable correction.

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Every falling market has its base position unless it was never a futuristic project at ALL. I talked about that there is a price mark that Bitcoin will never fall back to. Be it as it may be, there has been some lost and untraceable transactions that will at least help maintain.

As for the case of Leo, it is all about the ‘die hard position’ if I must say. I did discuss something relating with this even in the earlier days when Leo token was selling around $0.02 to $0.04 cents. My observations was that it was difficult for Leo to drop below $0.015 cents.

It was where stamina was found, I did advise a friend to buy more irrespective of the fears at such positions. Ok, so as earlier said, Leo has moved past the Dime price environment. My holding predictions was around $0.15 cents, it did linger around this price for a while before further dropping.

Leo is NOW trading around $0.10 cents and I am seeing much resilience here. I did add up some numbers to my holding in the process. I feel the Leo faithful are much stronger here. One of the reasons I am seeing a Leo market decline is not actually that many are selling to take profit but rather to get more Leo ecosystem surrounded tokens.

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You heard me right, many are buying LSTR and SURGE. I am yet to really understand how this two tokens work but from its demands I feel it will be worth a long term hold.

Another stamina I have seen is on the Hive price movements, it has really been a drag between buyers and sellers within the $0.2 cents region. If Hive should break below this position I feel it may be heading to $0.16 or $0.15 cents. I have seen this behavior repeat itself several times. So from here, hive remains a good buy and a ‘buy the dip mentality’ also.

If Hive pushes beyond this to $0.26 cents or $0.28 cents, we are likely to see Hive hit $0.35 to $0.40 cents before this year runs out. Anyway, I only wish the new Hive stamina position should be $0.2, this will mean a lot. My observations have been that it has always had all needed strength at $0.15 cents.

To conclude let me add, every market has its tough fight back positions. I am hoping Leo can find such at its current $0.1 cents, it will really mean a lot. Confidence will be built when the $0.1 strength mentality gets across all Leo faithful. We also use this opportunity to bid a farewell to Warren Buffett, you can't ignore what market legend he has been. He will remain an investor many will want to replicate. Talking of market stamina, he was indeed a pro.

Posted Using INLEO