Q: Any opinion on the plunge ?
No. I know the market is irrational, you can not time it.
Somebody posted: Why did you get in at such a high P/E ?
There is no solution. Look how much I and some others missed because we thought this or that stock is too expensive.
What I do is, figure out what it should be worth and then buy at that price. If it goes down, buy more if the judgement stands. It will go up again. I think this Scott is a good strategist and executes well, few hitches. If that is true, it will go up quite a bit more if we are patient.
I will evaluate again at 50, see if I want to buy more..
I never sell what I picked well, Don't forget, if you sell, you can only be ahead if you buy it back 30 - 40 % below your selling price when you bought early, like me at 5, adjusted. Uncle Sam wants the difference by April 15 2000. How do you know it will go that far down ? See, why I don't sell ?
Walter in HK |
