Jeff:
<<I prefer to find a concept and then find the stocks that match. Buy and hold makes life much easier. You might be early to the party and look around at all the other things you could be doing, but you just never know when the party is really going to get busy.>>
I used to agree with you until I bought FGI, now FGH at $14.00, then at $11.00, believing and knowing that the story was and is intact. ( no word pun intended!) Well the story IS great,and the stock WILL recover, but it has been several months of dead money while other OSX stocks have soared and tanked several times, creating numerous trading opportunities.
I never mind trading out of stocks that continue to rise. If I make a nice short term, (meaning one hour to one day) profit, I never look back. I have been around too long not to have seen the stock I own open down 10-20% before I can sell. There will always be another trading opportunity around the corner. Many stocks, like NITE for example, I trade almost daily, and have made more than if I held it and it hit $80.00 again.
Not everyone has the time to watch the market tick by tick, but I do, and I am ashamed that I allowed my love of KERA as a company and product to override my rule to follow the tape.
Good luck, and I hope 2000 treats KERA better. As Arnold says, "I'll be back!" |
