"New Kid" Reminds me of the old joke about a prospector and his Jackass looking for a water hole. In the joke the Jackass keeps asking the prospector when they will find it. The prospector tells the Jackass, "Patience, jackass, patience".
You repeat this for a long time until someone asks "when is this joke going to finish?", to which you reply "Patience, ass, patience".
That's the way it is here. Patience! Anyone who got in below the current levels...gee, I'm happy for you. Having had the luck/good fortune to get in much lower, I can only say this is precisely where you should get out. Compaq has a terrible history of spiking an collapsing. Any intelligent person in the black at this point should sell and invest in greener pastures.
I can't stand people who think they have to have a return on a long term investment. I held ORCL for 6 days and made 16% on it, or about 965% on an annual basis. I also did that with several other stocks like PFE, and WCOM. You can't get hurt taking a profit and the longer you hold a stock the more chances of something bad happening.
So if you are looking for 25% in 30 days...come on in when we hit 24 but don't forget to get out at 32. I'm up about 25%in 3/4 months, and feeling okay about that, but could have gotten out at 32 with a 60% gain. I missed out on some other rockets, but I don't mind. That's not investing. That's making money.
Relax. Everything here is unfolding nicely. WS is going to love this stock before the year is out.
Patience. |
