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Retire, I agree with your point about what the market could do. My biggest mistakes in the past few years, though, have occurred when I made a call on when it would do it. I have sold too early or bought at the wrong time. My best results, on the other hand, have occurred when I disregarded timing and purchased good companies (such as RFMD) and held until they were no longer good companies. That's why I pointed out that selling, based on Brinker's guidance, has been so unfortunate (so far); but it's something that many of us have done one time or another. Now of course the next question is whether to buy in now that the stock is moving. Like you said, it could easily go to 100. The problem with this market timing stuff is that part of you tells you to get in now so you don't miss the move, while the other part of you tells you that BB has called for some weakness, and perhaps you should wait. Too many sleepless nights. I say get in and hold because you are buying a great company in an exploding sector. Yeah, RFMD may go down here and there, but by next year at this time, you will be higher. My $.02. |
