Thanks for the message. Definitely something to ponder. I agree with you, but just got spooked by this market right now. I used to hold DCLK,INKT,YHOO through thick and thin, and was nicely rewarded. I sold PHCM at 84 and thought I was making a killing(duh!). Actually I sold LBRT, SWCM, MMXI,AOL too early, retrospectively, and of course, IVIL,VUSA,TURF too late. The problem for me is, sometimes it's REAL HARD to determine whether the surge is due to momentum or fundermental strength. Now I have nothing to blame but my low IQ.
Again, thank you for the insight. It makes lots of sense.
PS. When I saw VIAN at 107 today at my office, I was ready to jump out of the window becuase I sold it a month ago at 48 because it was stuck at 30ish too long. |
