>>>the purpose is to accumulate cash, not stocks". I've learned that the hard way over the years.<<<< Right on!! It's hard to learn this lesson, but DON'T FALL IN LOVE WITH A STOCK. No matter how "good" it is, it doesn't care how you feel about it. It's price is primarily a reflection of the fear or greed of it's investor's reaction to many things: earnings, future growth potential, industry outlook, market conditions, etc. In the case of SNDK, nothing has really changed about the company, but market conditions have reversed from bullish to bearish. It's best to remember that this can happen to ANY stock.
If you follow a stock too closely, you soon start to have "expectations" about what the stock will do -- and you lose the big picture about where the entire market is headed. With 27 years experience in the market, I've learned that sometimes you have to step back and not get too involved in the day to day movements of your stocks. (If you're a day trader, this doesn't apply -- but I don't think day traders are "investors".)
Betty |
