Joe,
Yes, the pullback gives me a chance to say I was right not to buy at 90, 80, 70, 60, or 50, but it still makes me wrong to have sold at 18 instead of 20, 30, 40, 50, 60, 70, 80, or 90. I guess on balance I was more wrong than right.
As far as today goes, I wish I could get back into ANCR, but at current levels, I think my money can better be invested elsewhere. That has a lot to do with Ancor being in the big leagues now, and me still being a small timer. <g> 1,000 shares at $40 still equates to $40,000 if I stay off margin. That's a lot of money for me. Less shares means correspondingly less reward if/when Ancor is ultimately successful. I hope those of you that are long ANCR do well in the future. (I don't have much time for shorts. I remember the floorless convertible too well.)
Craig |
