Blessed are the patient 4 their stock shalt rock. Seriously, I'm a lousy trader/timer. Usually buy way to far in advance. But I bought VICL at 13+ winter 97 after months of following, added more at 11+ later (should have really added around 7+ but I was having a crisis in confidence) Bought TTP at 4 1/2, saw it dip under 2, bought PTIX at 16, added more at 11+, it's now 17+ post split, bought ADIC at 16, watched it drop to 6+, now it's 51 post split, PERL at an average of about 2 1/4, saw it languish a long time, it's now 10 1/4 (took 1/2 off the table when it was in the 20's)
It'm not trying to say yeah Scott, cause I screwed up PRIME TIME earlier with OTC's (actually lost money in 96 and 97)
But I've learned to do some good DD and to keep to industries I knew something about.
So I hold when I'm convinced that the fundimentals & market are in place or improving in the face of market cluelesness (and have learned to close out when the business case changes)
Big congrads & thanks to Bill S, Pseudu, MZ and others who answered my earlier questions in 96, reassuring me to jump in.
The water was warm (deap below the surface)
Normally my investment discipline calls for taking 1/2 half off the table on a double, but my gut said that while VICL was moderately overbought, since it was making all time highs on strong volume during light volume days, coupled with a nice white marubozu yesterday that there was more upside. Glad my patientence persisted. FYI & IMSCO Scott |
