"I think some of the regulars dropped off this thread because of getting caught in the down slide. Perhaps there is something to be learned by the unexpected events. Riding the stock up and down is a waste of time and money. I think the best way to do it, is to trade. Take a loss, buy it back lower. What do you think?"
I think you're wrong - on two counts. First, there have been no "unexpected events." Stocks go up and stocks go down but there has been absolutely NO fundo NXTL news to cause anything other than a NORMAL retrenchment after a huge runnup. Second, I'm happy with the 62% gain I had with NXTL at 12/31/97. So what if the stock pulled back a normal fibonacci amount? It provided another short term buying opportunity. As to regulars dropping off this thread, when there's no news what can be said? How many times and how many ways can one express his views on 4th qtr. adds and 1998 operating cash flow? As long as you keep playing your emotions and guessing about stocks you'll miss the big picture. If you're going to play the trading game you need some ta assistance. As far as I'm concerned, this is a business, not a game, and I prepare the same way I did in the corporate world. I like investing better because I have no customers and no employees. (When one of my employees screws up, I look in the mirror and chew him out.) :-)
Arnie |
