re: I remember thinking $12 was a gift on NTAP, then $9.50 just incredible opportunity...now I am cancelling my orders for $7
That's why I do the numbers, and make a detailed plan, long before it happens. It's so easy to let the emotion of the moment affect decision-making. We are all human. We are all herd animals, it is in our genes, in the way our neurons are connected. It made sense on the African plains 5 million years ago, and we are still hard-wired that way, even though it is consistently counterproductive.
I made the decision, long before we got there, that the stock was a good LT hold, and the LEAPs were a good bet, at a stock price from 13 on down. And I guessed that the stock wouldn't go below 5. The reasons why I decided that haven't changed, and so neither should my plan. Events of the last 2 weeks add a few data points, some negative, some positive, to the prospects for NTAP over the next 18 months. Nothing has changed the outlook for longer-term.
We are now seeing multiple signs of market capitulation:
1. margin calls
2. volatility spiking
3. large outflows from stock mutual funds
4. stock buybacks (by companies, not yet by insiders)
5. pervasive fear
JS@shittingbricksandbuying.com |
