" Steve, Is the type of volatility we have witnessed good for the stock long-term?
It is good for profits."
You bet your bippy! Good for my profits!
"Does a $130 point drop in two months instill investor confidence? "
Your missing the point, Aus. When stock is dropping and you want to buy more, you don't care about investor confidence. You want the stock to go LOWER. After you have bought more at great low price, THEN, you want to instill investor confidence, so people will buy more and drive the price up, increasing your net worth.
" Personally I was whining because I have friends & family that I recommended this stock to at a much higher price than where we have been lately. The precipitous fall from the $115-$120 range to $70 in short order seemed to be overdone. When the general market tanked, we tanked by an order of magnitude more."
Not so! If you didn't sell you haven't lost anything, except a little ego and kicking yourself because you could have bought lower, but who knew. You don't loose until you sell!!!!!! Never. If you really have a "BUY AND HOLD" strategy, and you are confident in the company and I know you and I both are, the drop should NOT bother you. All it means is you didn't buy at the low.
Volatility is a beautiful thing. Embrace it! Use it to your advantage!
Steve 667
Sandisk.....We could have been millionaires" |
