Larry,
I have confessed before about being too early on this stock, and I believe I explained why. But I've stayed long consistently during the past two years, and now have accumulated > 350,000 shares. And while you have been correct in much of your skepticism, you have clearly, in my mind, made the mistake of trying to overtrade the stock - and always voicing your skepticism while you are out of the stock. And yet I have nearly tripled my money in the stock - which is ok for a 3 year investment in real size.
And you are now sitting out the stock's best rise though trading it, as you claim, for > 10 times this year. All short term, high-taxed gain. So who has been more correct? I think I have, and I have the profits to show for it.
And what is more important, I really believe that investors are just beginning to see the company's potential.
So be my guest. Stay out of it, since you feel it is overvalued. And I'll bet you will be moaning all the way up.
I am quite comfortable in my position in the stock and feel that while those who are risk averse, such as yourself, should not be in the stock until it becomes "more visible" in its prospects, I do feel strongly that those who have already invested, and assumed far greater risk in the past than currently appears in the stock, should not trade out of the stock, except only, perhaps, to lighten some of their margin debt.
Let's just see what happens, not only in the unveiling fundamentals of the business, but also in the price over coming weeks and months... |
