Everyone says relax--be happy--don't worry. Well, folks, I don't know about you but when an asset of mine loses value, I worry. When there is an "opportunity" to sell that asset and buy it back later at a cheaper price, then one should. So, all of you who think INTC is going to go down but then again back up, why hold? Why not sell and buy it back cheaper/ Surely, it isn't because of the commission of buying and selling just once each. Is it because you're not sure that it is going to go down and you are not going to be able to buy it back cheaper? Or, is it because you just don't know what is going to happen? Well, that's where I am.
There is no reasonable reason that I know of that says a stock must go down 28 points because it went up 100 points. It went up 100 points for some very good reasons. Up until just recently, I felt that those reasons were still valid and that INTC was undervalued. Stcoks are not mammals--they don't need to rest. Stocks rest for reasons. They go down for reasons. I don't understand those reasons and that makes me nervous or "passionate." For those who would rather believe that this is just how a stock that has run up behaves, that's fine by me. But, I don't buy into that theory. |
