Peter,
While my post was not directed toward you:
<<If you are still anxious, call you doctor and ask (not for prescriptions) for investment advice. <g>>>
I am glad that you did responded.
Yes, Rick approach to play market (sometimes short, sometimes bit longer) for nice return, when stock got hammered or is out of favor, can be well rewarded. Also, one may only need +20% of his worth for this, can do excellent, and burst overall return. Similarly, I got into margin early this year (now at ~40%), and am planing to be out by summer, IF market bless me.
However, I still remember 96 when my first full DD on bios (SEPR) indicated to me that I should hold this stock. However, because of the short term speculation I exit position with hope that I will return shortly. I never got back (not until this year) and whole DD was for nothing.
Appreciate your view on ITMN. While it was pointed to me last year as bargain, I did not got in.
<<If you can put together a basket of 10 or more such stocks and wait patiently you will be well rewarded.>>
There is always place, room, and time (in one hold bit cash in reserve, which is not my case, <g>) to fine balance portfolio with new additions. However, core holding should be core until first reasons for owning change or disappear.
Miljenko |
