jmac: For all it's worth, here's a little of my history.
Way back when, Q was a good trade, buy at $40, sell at or about $55. Ride through the splits. When you're out of this stock, it will leave without you. (My experience)
I love volitility, partly because it is exciting, and it is one of the reasons I invest. I don't have ulcers, don't own rolaids.
Buying on unreasonable dips has worked well for me, while retaining a core holding. Don't always time it perfectly, but who does?
Yes, it will drive you "nuts" if 5, 10, 20 point swings get under your skin. Everyones' tolerance is different, high or low is not good or bad, just different.
When I feel like I'm fighting the market, I have to stop and back away. Learned this lesson from trading DISH for two years. You could trade that stock 2-3x/day on $4-5 swings each way in a matter of minutes. Finally bought a chunk six months ago and ignored it. Relax and go along for the ride!
"What will take it down?" Any shortfall in earnings. Expectations are high and factored in. This has always been the case with Q. Any little blip is met with extreme distain, warranted or not.
On the other hand, any real news will be swiftly rewarded in a big way. It has been very quiet for a while. To me, the longer the silence, the larger the news. We'll see.
Just a few opinions, hope it helps. Take advantage of the sales and hang on until something fundamental changes.
I found myself doing the same thing, fighting. That is why I am going back to Colorado for 20 days, leaving the market behind in September. Not even a G* phone could find me! Although, I'll be closer to those wonderful satellites. I was going to throw rocks at the irid sats, but the company fell to earth all on its' own. : ) |
