My pleasure
There is a huge difference between Brinker and Buffett. With Brinker, when an individual stock he recommends goes down I've NEVER seen him say to buy more. Usually he moves it to a "hold for future recovery." With Buffett and others, if you still like the company as an investment, then you buy more when its share price drops.
Here is one from a happy subscriber who has some CACS
suite101.com
I've been telling folks in the newsletter, my site, in other SI forums, in our chat and on ihub that this was a good company. I even started a forum for it on iHub in Dec 2002 when it was 40¢ and I bought many thousands of shares for my IRA and Roth
investorshub.com
CACS is up 50% in two days and it is my largest personal holding at this time. Up 20x since Dec 2002.
I feel especially good about CACS as some of Brinker's silliest supporters, such as yourself, were giving me crap about that company for a long time when its share price collapsed. How are Lucent and TEFQX, not to mention those $86 QQQ shares, doing? I'm rather proud that I kept telling folks why I liked the company and that I kept buying, even after it bottomed I bought more after its first double.
On the 17th, before the big run in CACS from $6 to $9, I wrote in my newsletter to new subscribers or others with cash to invest:
Do not make the mistake that some have by avoiding my best gainers because they are up the most. Often the best gainers continue to outperform just as we saw CACS go up more than 50% since the last newsletter where it was the best performer by far up to that point.
You've asked how some of us have done without following Brinker. Very, very well is my reply. |
