Tom,
I hear ya my friend, and know exactly what you mean. I too, am wishing I had bought more under $110, but I still feel your strategy, which I also use to a degree is very prudent. Yes, we wish we bought more, but at the same time, had it dropped to under $100, we would have wanted to buy even more...so it is best to not burn all your cash right away.
Yes, JMAC is a tad on edge <ggg>. I was not refering to him directly..he is just one of many very obviously well eductaed people that this market has turned into muuush. I went to muuuush one time and one time only. I learned from that and have taken advantage of situations like this every time since...and have made out very well buy buying quality issues when panic sets in. I think the Q picture looks great long term and I am a buyer on any decent pullback. My differance with you is you sell some of your position when we are on the hgih end, whereas, I prefer to hold my shares and write cc's...but then again, I don't have near enough shares of this wonderful company, whereas, your small holding<ggg> allows you the luxury of selling a few hundred thousand shares when your plane needs a new motor <ggg>
Have a great night
Keith |
