I've got 8.5 bags from JDSU with profits taken on the ride up; and, I've still got a healthy portion of my portfolio in the company.
Not bad, not bad at all. If I had an 8.5 bagger in my RRSP, I would definitely be retired.
Look at Dell last fall. Earnings growth came in at 38% and that was a few points below expectations. The Dell price got clipped, hard.
Actually, that was at the beginning of February. I know, I was there, and I got clipped real hard. :-|
If one is patient and careful to not chase a stock up--remember this is my investment approach talking here--one simply does not have to fret when the market retraces in a correction or a real bear market.
Well, there's a lot of truth in that. I've often thought that if I just sat 100% in cash and waited for one of those big downturns that happen several times a year, then jumped in, I could do pretty well. Don't have the patience though, and am usually pretty close to fully invested.
BTW, let me know when you come to the Big Island. We should have coffee.
Will do. I get my Toyota serviced in Duncan. |
