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RE: Po.et (POE): Poetic Profits!

in #poet7 years ago

Personally i think the affect is overplayed. We've experienced a correction for far more wide ranging reasons than the Lunar New Year. Weak traders have been exposed and have sold all over the world. Confidence is beginning to return and some of the damage has been rebuilt. Fingers crossed that rebuilding will continue but the whole process, the ebb and flow of the prices started long before the Spring Festival period and will continue beyond it.

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It boils down to sentiment that drives the price. I believe sentiment will recover.