<<And I was following your thinking but now I regret it. I appreciate your optimism--but if it's misguided and we break through 3000---well then----I'm not sure its the risk. Maybe go to cash and either pick up bargains on a retest after a bounce, or pick up bargains on continued selloff would be wiser.
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Excellent strategy had I used it a week or two ago...but now that we have already fallen so far??? Yes, we may fall more, but like I said, I've ridden it this far, I wont sell now. I mean, I handled a 50 point drop in cmgi fro 160 - 110, then another from 110 to the $50's.........well, whats the worst it could do now.....another $50 and out of business. First, I dont think they are going out of business and secondly I feel it is the premier internet stock to own, so at $50, I hold, I dont sell and maybe even buy, because again, my belief is that a year from now many folks will wish they had bought cmgi at $50, or rnwk at $30 or elon at $30 and etc, etc....
Good luck to all |
