gancho, there are many on these thread that profess the long haul and even "loyalty" for a company they are invested in. I myself have been in ULBI for longer than a year (it is in my core holdings) and in MRK for who knows how long. That is no reason to be on my ignore list. A posters that lack civility and instead of engaging in rational deliberation engages in personal attacks, verbal pugilism and address other posters with disrespect waste my time and after being quite patient with that gentleman for some time, I put him on ignore. There is nothing he says that interests me anymore.
As for "Da Cheif" professing the long term strategy, that is an oxymoron, after all he is as you say "the timer" of the year, and that, by definition, is a short or at best medium term strategy. Why time if you are a "long termer"?
Last, in another post, he ridiculed the Acampora and other streets analysts for their fundamental approach, professing that he his approach is purely technical, so, in my book, he does what I do, buy low and sell high. He might have been in the holy one since its IPO, but probably sold at $20 got back in under $2 after the Motorola debacle, sold again at $11 and got back in at the end of the floorless episode, my hat off to him, but my approach has not been much different, bought and sold during the uncertainties of the floorless, then jumped in for a good ride, essentially from $7 to the mid $30, traded it few times between $26 and $35 and got caught on my last trade with a gap (since then, covered that loss few times). The difference is that I post my entries within an hour of execution (often within five minutes) so you can measure how often my turnips are right and how often they are wrong.
Zeev |
