Have all you nabobs of negativity blown yourselves out yet - or is there more primeval scream therapy to come?
Some of you claim to be longs - you won't sell if it gets to $25, $30, $35, $40, $45 or $50. Presumably you have decided it is smarter to hold over a year or two or more. Most of you held when it was at $50. So you have not "lost" anything - you are just waiting for the time to pass until it reaches your target - if you have one. So why watch and vent - to adapt a Biblical phrase. Get a grip! Calling the company or its officers nasty names does not actually improve the share price.
I can understand that those who are on margin, or who entered with a six month or less target should be anxious, or those who need the cash. But most of you know that even if you intended investment period is extended by a month or two you will get your money back.
The others, the traders should make hay at these levels. Movements from $22-26 or, if you like, from $22-$17 are just as good as movements from $50-55, better, actually, because you can afford more shares.
The smart asses who goad and bait should remember that NETP, LPGL are down 50% in little more than a month, most of the internuts are in the same ballpark, DELL is down about 40% and will probably go lower.
For my summary of good news see my next post.
BTW she_x authorises me to announce that she is an active collaborator in the underground network of COMPAQ cheerleaders who remain bloody but unbowed. I am the most 'umble member of that network. |
