Paul, now there's a good argument. I know Graham says diversify, and if you can find me 10 stocks with WHX's characteristics, I will. I can't, so I'm doing what I can. I know I'm taking some risk.
Thanks for your comments on the P/E history on this one. I've seen the charts, but you really punched it home.
And what you said about even if I hit this one, you will still say something was wrong to your ears, God bless. Just because something goes up and I make money doesn't in itself mean the buyer was right in taking a huge risk on it. If I get lucky, I'll take it (though I wouldn't call it that, it may very well be). If it sounds bad to you, stay away. There are plenty of stocks which seem like no-brainers to people I really respect and trust, but I won't touch them. Thats what makes the market so much fun. |
