>Interesting angle. Investor confidence after getting stung and >divorced people getting remarried...
> Well, I guess I'm still married, and still sitting here with >the stock, waiting for it to get back to
> where I bought it.
>
> Hmm.
>
> Enjoyed your comment.
Well, I am glad you liked it. About this "waiting for it to get back to where I bought it", I have another comment, if you don't mind... :-)
A friend of mine bought IDTI at $20 or so, and now is under by 50% or thereabouts. He is gasping for air, figuratively, and is just waiting for it to go up to $20. In fact, even if it reaches $18, he is prepared to pull the trigger, bail out, and "swim upwards" for the rest of the way, so to speak.
When I asked him if he would consider the valuation of the stock again at $18 or $20 (maybe *now*, the stock is indeed worth that much and might be a good investment at that level), his reply is, "No. I have been frustrated long enough. I don't want to deal with that stock any more! I want OUT!!!!"
The point is, other investors' experiences with a particular stock, whether good or bad, are of little value. Warren Buffett might have bought Coca-Cola and reaped very attractive gains with it, but that alone is not a good enough reason for me to be interested in that particular stock.
Regards
Dipy. |
