Yes, I understand...having been there before (and hopefully not again). BUT...if you have greener pastures, let's say an investment that you think could triple, versus CPQ that you only HOPE will double.....then you're shorting yourself. It would make sense to lose your pants, put the money where you think you'd get the better return, and forget about the loss.
CJ can probably speak to this a bit...from our HDIE days (hey! I noticed it's up again...wonder if I should've gotten back in). I broke even on HDIE, but only because of stupidity. I got out due to a stop loss trigger. I reinvested 1/2 the money in HDIE after it fell a bit more...but put the rest in MFNX. HDIE continued to fall, from 7 to 2. I eventually sold at 2 or so....and put THAT into AOL, which I traded in and out of for a while.
Had I kept the money in HDIE, I'd only be getting close to breaking even NOW (14 months later), versus having invested in MFNX, which has tripled and AOL (which through trading, I've tripled).
Point is...if there are greener pastures, it always pays to go there than to wait in the burnt out grass. |
