Kevin, I SHARE YOUR PAIN,
Several times I have held stocks (SNDK, DELL, NOK) moderately long (9-18 months) eventually walking away from a position only to watch, literally within a day or two, the stock making a huge run (fortunately, I did sell all for gains, but I left way too much on the table).
I'm in the red on this one (in @ low 30's) but I'm going to ride this out (min. 24-36 months). Unless their model changes for the worse they appear to be performing/executing much better than their peers. And if you believe OLB's are here for the duration its a "no brainer" over the longer term.
There will continue to be those like US JAR head who hide behind the veil of message boards and play Monday morning quarterback as if he's Joe Montana, day trader MVP of the stock world. These folks get off with their negativity w/o offering anything of material value, I can only speculate that they have low self esteem and somehow this process makes them feel a little better about themselves (JAR head don't bother responding I've used SI's ignore feature so your posts don't show up while I'm viewing).
EGRP will continue to be volatile and maybe you'll be able to get in again for a better position, but trying to time the market is next to impossible. I'm hoping my patience this time will pay off in the long run, IMO I think it will.
Regards |
