>>Buffett advised the perfect time to buy a stock was when it was totally out of favor. Can you think of a better example than the Q?<<
Good observation, Frank. I've mentioned before that I have a long term investment in Pfizer, a stock that is not discussed on this board. Six months ago, or so, I did see it mentioned here quite a few times, people would mention it in passing as a stock they sold because it was not performing and the near-term did not look promising. There were many good and valid reasons for these views, but they did not erase the fact that PFE was a very profitable, growing company in a dynamic market. With little fanfare the stock has risen about 50% since then.
Similarly, in trolling the boards that are Not about QCOM I am seeing more and more passing posts about the stock being sold because it is not performing well, the short term looks less than promising, etc. Now, I am not suggesting that every beaten down stock that people are selling is going to magically go up, but when the subject is a very profitable, growing company in a dynamic market that has fallen way out of favor, it would seem Buffet-like not to run away.
As suggested in the manual, we can not out-react the market, but perhaps, we can out-think it.
StockHawk |
