Believe me, I would much rather have been "in" than "in and out" of DISH over the last two years. My returns are much less than the 1500 percent rise you noted. As I said, I did not, and still do not, consider DISH a gorilla candidate, which is why I did not have the fortitude to stay with it when it came down, only to get back in at higher levels. At least I did have some nice gains in it. Others, such as CSCO, I put into my "forget about it" category, and never worry about the downs. I suppose our comfort level, or degree of risk we are willing to take, depends very much on how much of a gorilla we believe the companies to be. Of course, any stock can surprise, and no company is immune from getting into problems. I remember how I rode ORB from 20-something to 50+, and thought it might go to 100, before they announced accounting problems and crashed to the low teens. Fortunately I got out in the 40's.
Good luck in your investments. |
